Which of the Following Policies Would Reduce Structural Unemployment

question 79

Multiple Choice

Which of the following policies would reduce structural unemployment?

• A)an increase in the minimum wage
• B)a job retraining program
• C)implementing an unemployment insurance policy
• D)building an online job database that helps workers find jobs

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Definitions:

Government

Government refers to the group or system of individuals governing an organized community, often a state, and it is responsible for creating and enforcing laws, policies, and regulations.

Total Surplus

The sum of consumer and producer surplus, representing the total net benefit to society from the production and consumption of goods or services.

AC

Short for Alternating Current, a type of electrical current where the flow of electric charge periodically reverses direction.

MC

Marginal Cost, the increase in total cost that arises from producing one additional unit of a product or service.