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:

Selective Attention

The focusing of conscious awareness on a particular stimulus while ignoring others, an important aspect of cognitive processing.

Intuitive Judgments

Decisions made based on one's instincts or gut feelings without the need for conscious reasoning or analysis.

Approach

A method or way of dealing with a particular problem or task.

Experience

The knowledge or skill acquired by a person over time through direct participation in events or activities.