Which of the Following Explains Why Many European Countries Have

question 156

Multiple Choice

Which of the following explains why many European countries have unemployment rates that are higher than in the United States?

• A)Technological change occurs at a faster rate in Europe,so structural unemployment is higher in Europe.
• B)European countries offer higher unemployment benefits than the United States.
• C)Firms in European countries offer employees higher wages and higher benefits than do firms in the United States.
• D)The minimum wage in Europe is lower than it is in the United States.

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Definitions:

Force Majeure Clause

A contract provision that frees parties from liability or obligation when an extraordinary event or circumstance beyond their control occurs.

Hail

Frozen precipitation in the form of balls or irregular lumps of ice, often occurring during strong thunderstorms.

Monetary Compensation

Financial payment provided to an individual for services rendered, such as a salary, wages, or benefits.

Breach of Contract

Not meeting any provision of a contract, be it written or spoken, without an acceptable legal justification.