The Move Toward Regional Economic Integration Has Been Most Successful

question 39

True/False

The move toward regional economic integration has been most successful in Europe.

---

Definitions:

Structural Unemployment

Unemployment that results from industrial reorganization, typically due to technological change, rather than fluctuations in supply or demand.

Cyclical Unemployment

A type of unemployment that results from business cycle fluctuations in the economy, typically increasing during recessions and decreasing during expansions.

Unemployment

A situation where individuals who are capable of working and willing to work cannot find jobs.

Labor Force Participation Rate

This term refers to the percentage of the working-age population that is either employed or actively looking for work.