Which of the Following Policies Would Reduce Structural Unemployment

question 222

Multiple Choice

Which of the following policies would reduce structural unemployment?

• A)an increase in the minimum wage
• B)a job retraining program
• C)expanding employment insurance to cover more workers
• D)building an online job database that helps workers find jobs
• E)a government spending program designed to shorten recessions

---

Definitions:

Economic Profit

The profit a firm makes after deducting both its explicit (out-of-pocket) and implicit (opportunity) costs, reflecting the total financial gain that exceeds the firm's total costs.

Demand Schedule

A table that shows the quantity of a good or service that consumers are willing and able to purchase at various price points, at a specific time.

Industry Entry

The process by which a business or company begins to operate in a specific industry.

Monopolistically Competitive

Refers to a market structure where many firms sell products that are similar but not identical, allowing them some power to set prices due to product differentiation.