Evaluate the Following Statement

question 58

Essay

Evaluate the following statement. "A computerized national job bank would significantly reduce frictional unemployment."

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Definitions:

Benefit

An advantage, gain, or positive outcome derived from a specific action, policy, or product.

Buyers

Entities or individuals who purchase goods or services for personal use, consumption, or investment.

Producer Surplus

The difference between the amount sellers are willing to accept for a good or service and the actual amount they receive in the market.

Producing

The act of creating, manufacturing, or generating goods and services that can be offered in a market.