The Government Can Assist in Reducing the Level of Structural

question 69

Multiple Choice

The government can assist in reducing the level of structural unemployment by

• A) providing unemployment insurance.
• B) establishing government regulations on firing employees.
• C) taxing employers who hire low-skilled workers.
• D) providing job-training programs.
• E) incentivizing companies to update their current technology.

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Definitions:

Privity of Contract

A legal concept indicating that contracts are binding only upon the parties signing the contract, excluding any third parties.

Insurance Contract

A legally binding agreement between an insurer and the insured, outlining the terms for premium payment and the conditions under which the insurer will compensate the insured.

Goods

Tangible, movable personal property that can be measured and weighed; also known as chattels.

Non Est Factum

A plea asserting that an agreement is void because the signer was unaware of its essence due to deception or misunderstanding.