Studies Have Shown That Government Retraining Programs

question 37

Multiple Choice

Studies have shown that government retraining programs

• A) usually cost more than the benefit they create or, at best, have benefits modestly above costs.
• B) have been cost effective methods of retraining workers.
• C) are cost effective methods of retraining younger workers, but not workers over age 45.
• D) work best when training workers in firm-specific skills .

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Definitions:

Leadership Development

The process of enhancing an individual's capability to lead, motivate, and manage people or organizations effectively.

Location-Specific Human Capital

Skills and knowledge that are valuable and relevant to a particular geographic location and its economic or cultural context.

Routine Tasks

Tasks that are performed on a regular, standard schedule, often characterized by their repetitive nature and requiring minimal creativity.

Target Market

A specific group of consumers at which a company aims its products and services.