Structural Unemployment CANNOT Be Caused By

question 207

Multiple Choice

Structural unemployment CANNOT be caused by:

• A) a government-mandated floor on the price of labour set above the equilibrium wage.
• B) collective bargaining efforts that secure higher wages for unionized workers than for nonunionized workers.
• C) offering high wages to attract high-quality workers.
• D) granting pension benefits to laid-off workers.

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Definitions:

Remittance Advice

A document sent by a customer to a seller, indicating that an invoice has been paid, typically accompanying a payment.

Bank Reconciliation

The process of comparing and matching figures from the accounting records against those presented on a bank statement to ensure they are in agreement.

Disbursements

Cash or fund outflows from a company for expenses, investments, and other financial activities.

EFT

Electronic Funds Transfer, a system of transferring money from one bank account directly to another without any paper money changing hands.