Structural Unemployment CANNOT Be Caused By

question 207

Multiple Choice

Structural unemployment CANNOT be caused by:

• A) minimum wages.
• B) labor unions.
• C) efficiency wages.
• D) fluctuations in the business cycle.

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Definitions:

Domestic Industries

Sectors of a country's economy that produce goods or services primarily for consumption within the same nation.

Clustering

Clustering is the grouping or gathering of objects, data points, or individuals based on similarities or common characteristics.

Regional Information

Data or details that pertain to a specific geographical area or region.

Non-Price Competition

A marketing strategy where a company tries to differentiate its product or service from competing products on the basis of attributes other than price.