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:

Target Market

Group of people toward whom an organization markets its goods, services, or ideas with a strategy designed to satisfy their specific needs and preferences.

Market Segmentation

The process of dividing a market into smaller groups of buyers with distinct needs, characteristics, or behaviors who might require separate products or marketing mixes.

Organization Marketing

The practice of marketing the brand, culture, and mission of an organization to attract stakeholders like employees, investors, and partners, beyond just promoting products or services.