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Discuss what is meant by labour market rigidities and explain how they might cause the relatively high unemployment in Europe.
Correct Group
An assembly of individuals or items that have been accurately identified or classified based on certain criteria.
Probabilistic Generalization
A general statement or rule derived from data, characterized by the fact that it is likely but not certain to be true, due to its basis in probability.
Logical Strength
The extent to which the premises of an argument support its conclusion, determining the argument's cogency or persuasiveness.
Counterexamples
Instances or cases that contradict a proposed general rule or law, proving it to be incorrect or too simplistic.
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