Structural Unemployment Is Increased When Workers Can Afford to Be

question 119

Multiple Choice

Structural unemployment is increased when workers can afford to be unemployed for longer periods of time as a result of:

• A)unemployment insurance.
• B)worker mobility.
• C)minimum wage laws.
• D)skill-biased technological change.

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Definitions:

Expected Value

The long-run average value of repetitions of the experiment it represents, essentially a mean of a random variable in probability and statistics.

Probability

The quantification of the probability of an event happening, expressed as a numeric value ranging from 0 to 1.

Hurdle Rate

The minimum rate of return on an investment required by a manager or investor to proceed with the project.

IRR

Internal Rate of Return; a financial metric used to evaluate the profitability of investments.