Which of the Following Explains Why Many European Countries Have

question 156

Multiple Choice

Which of the following explains why many European countries have unemployment rates that are higher than in the United States?

• A)Technological change occurs at a faster rate in Europe,so structural unemployment is higher in Europe.
• B)European countries offer higher unemployment benefits than the United States.
• C)Firms in European countries offer employees higher wages and higher benefits than do firms in the United States.
• D)The minimum wage in Europe is lower than it is in the United States.

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Definitions:

Local Benefits

Refers to advantages or positive impacts that are confined to a specific geographical area or community, often resulting from a project or initiative.

Social Pillar

One of the three pillars of sustainability, focusing on improving social equity, community development, and human rights.

Workforce

The collective group of individuals engaged in or available for work, either in a specific company or in a country or region.

Customers

Individuals or entities that purchase goods or services from a business, playing a central role in any company's success.