All of the Following Cause Structural Unemployment EXCEPT

question 151

Multiple Choice

All of the following cause structural unemployment EXCEPT:

• A)a government-mandated floor on the price of labor 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 Social Security benefits to laid-off workers.

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Definitions:

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total net benefit to society from the production and consumption of goods or services.

Car's Stereo

An audio system installed in an automobile that plays music or broadcasts from various sources, enhancing the driving experience.

Music Fan

An individual who has a strong interest or enthusiasm for music and its various genres, often following artists and attending concerts.

Side Effects

Unintended consequences of an action or decision that can be either beneficial or harmful.