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:

Scenario Planning

A strategic planning method that organizations use to envision and prepare for various future conditions or business environments.

Structured Process

An organized and systematic approach to work or problem-solving, often involving sequential steps and established procedures.

Employee Involvement

The degree to which employees are encouraged to contribute ideas, input, and effort in decision-making processes and operational aspects of their work.

Decision Process

The series of steps taken by individuals or organizations to identify and evaluate options and make a choice among them.