Which of the Following Would Decrease the Unemployment Rate

question 168

Multiple Choice

Which of the following would decrease the unemployment rate?

• A)an increase in the minimum wage
• B)an increase in the efficiency wage
• C)an increase in labour union membership
• D)government aid to retrain unemployed workers
• E)an increase in the generousity of Employment Insurance payments

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Definitions:

Balance Outstanding

The amount of money that remains unpaid on a loan, mortgage, or other financial obligation at any given time.

Traditional Media

Forms of mass communication such as newspapers, television, and radio that have been commonly used prior to the digital era.

Social Media

Digital platforms that enable users to create, share content, or participate in social networking.

Credibility

Credibility involves being trustworthy and reliable in what is communicated or presented to others.