The Government Operates Programs for Job Training and Job Information

question 43

Multiple Choice

The government operates programs for job training and job information intended to reduce unemployment. Which statement best describes how economists feel about such programs?

• A) Most economists agree that such programs are of no use.
• B) Most economists agree that such programs work very well.
• C) Some economists claim that the government can do these things no better than firms, and individuals could do them for themselves.
• D) Some economists believe that the private sector has no role in the process of job search.

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Definitions:

Meager Wages

Very low remuneration for work that often does not suffice for basic living expenses.

Economic System

Refers to the structure and methods by which a society manages and allocates its resources, including how goods and services are produced, distributed, and consumed.

Marketplace

A venue (physical or digital) where buyers and sellers interact to exchange goods, services, or information.

Efficient Allocation

This refers to the optimal distribution of resources among competing uses to achieve the best output or outcomes, efficiency in production, and welfare.