Structural Unemployment Is a Result of

question 147

Multiple Choice

Structural unemployment is a result of

• A) difficulties in matching qualified workers with available jobs.
• B) inaccurate or costly information about job opportunities.
• C) slow or negative economic growth, as during a recession.
• D) not enough workers to fill available jobs.

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Definitions:

Walsh-Healy Public Contracts Act

A law that requires minimum wage, overtime pay, and safety and health standards for workers on federal contracts.

Prevailing Local Wage Rates

The average wage paid to workers in a specific area or industry, often used as a benchmark for setting wages.

General Contractors

Companies or individuals tasked with the overall responsibility for the execution, supervision, and completion of construction projects, managing subcontractors and materials.

Fair Labor Standards Act

A federal law in the United States that establishes minimum wage, overtime pay eligibility, recordkeeping, and child labor standards for full-time and part-time workers.