Which of the Following Policies Would Reduce Frictional Unemployment

question 5

Multiple Choice

Which of the following policies would reduce frictional unemployment?

• A)a decrease in the minimum wage
• B)a job retraining program
• C)implementing an unemployment insurance policy
• D)building an online job database that helps workers find jobs
• E)an increase in the generousity of Employment Insurance payments

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Definitions:

Forecasting

The process of making predictions about future outcomes based on historical data and analysis.

HR Planning

The strategic alignment of an organization's human resource capabilities with its business goals, including recruitment, training, and workforce management.

Outsourcing

The business practice of hiring a party outside a company to perform services or create goods that traditionally were performed in-house by the company's own employees and staff.

Privacy, Ethics, and Culture

The interplay between maintaining individual privacy, adhering to ethical standards, and respecting cultural norms within a society or organization.