The "Benefits" from Government Programs to Reduce Mismatch Unemployment Include

question 62

Multiple Choice

The "benefits" from government programs to reduce mismatch unemployment include reduction in

• A)private costs such as lost income and erosion of job skills.
• B)private costs such as lost leisure and lower alcohol consumption.
• C)social costs such as lower unemployment compensation and welfare payments.
• D)A and C.

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Definitions:

Direct Materials

Raw materials that can be directly traced to the manufacturing of a product and are an essential component of the finished product.

Direct Labor

The cost of workers who are directly involved in producing goods or providing services.

Manufacturing Overhead

All indirect costs associated with manufacturing, excluding direct materials and direct labor.

Merchandising

The activities involved in promoting and selling products, often used in retail to refer to the purchase of goods for resale.