One Explanation for the Persistently High Unemployment Rates in Europe

question 75

Multiple Choice

One explanation for the persistently high unemployment rates in Europe during the 1990s is that

• A)unemployment rates have always been high in Europe
• B)the United States has "exported" unemployment through its economic policies
• C)the labor supply in Europe increased faster than labor demand increased
• D)the labor supply in Europe increased while labor demand decreased
• E)European labor demand decreased because of legislation that makes hiring a worker an almost irreversible decision

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Definitions:

Issuing Stock

The process by which a company distributes shares to investors for the first time, typically to raise capital for expansion or other corporate activities.

Corporation's Resources

The assets, both tangible and intangible, that a corporation has available for use in the production of goods or the provision of services.

Cost Concept

An accounting principle that states that all goods and services purchased by a business should be recorded at their cost price.

Appraisal

The process of professionally estimating the value of a property, typically performed by a certified appraiser.