Government Policies Directed at Reducing Frictional Unemployment Include

question 90

Multiple Choice

Government policies directed at reducing frictional unemployment include:

• A) abolishing minimum-wage laws.
• B) making employment insurance 100 percent experience rated.
• C) increasing the earned income credit.
• D) making government part of the union-firm wage bargaining process.

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Definitions:

Alfalfa

Alfalfa is a perennial flowering plant widely cultivated as fodder for cattle due to its high nutrient content.

Comparative Advantage

An economic principle that suggests a country, individual, or company is most efficient at producing a certain good or service compared to others, enabling trade benefits.

Absolute Advantage

The ability of a country, company, or individual to produce a good or service at a lower cost per unit than competitors using the same amount of resources.

Soybeans

A leguminous plant originating from East Asia, extensively cultivated for its consumable beans that have various applications.