Which of the Following Policies Would Reduce Frictional Unemployment

question 94

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

Understand the characteristics and conditions under which a hypergeometric probability distribution is used.

Calculate probabilities using the hypergeometric formula.

Apply the concept of sampling with or without replacement in probability calculations.

Contrast the hypergeometric, binomial, and Poisson distributions.

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Definitions:

Accumulated Depreciation

It refers to the total amount of depreciation expense that has been recorded against an asset over its useful life until the present time.

Fixed Asset Account

An account on the balance sheet representing long-term tangible assets held for business use and not expected to be converted to cash in the near term.

Accumulated Depreciation Account

A balance sheet item representing the cumulative amount of depreciation expense charged against an asset over its useful life.

Book Value

Refers to the net value of an asset as recorded on the balance sheet, calculated as the original cost minus accumulated depreciation and impairment.