Discuss the Likely Impact of Each of the Following on the Unemployment

question 108

Essay

Discuss the likely impact of each of the following on the unemployment rate:
a. The length of time workers are eligible to receive unemployment benefit payments is reduced.
b. The government passes a law making trade unions illegal.
c. The minimum wage is raised by 50 per cent.
d. The government funds an Internet site where companies can post job openings at no charge.

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Definitions:

Academic Skills

encompass the abilities and competencies related to learning and academic performance, including reading, writing, arithmetic, and study skills.

IQ Score

A numerical representation of an individual's cognitive ability relative to their age group, derived from standardized intelligence testing.

Learning Disability

A neurological disorder that affects a person's ability to process, learn, and use information, often impacting reading, writing, and mathematics skills.

Same-aged Peers

Individuals of approximately the same age who share similar interests or developmental stages.