Structural Unemployment Is More Persistent in France Than in the United

question 33

Multiple Choice

Structural unemployment is more persistent in France than in the United States because:

• A) French workers have less incentive to quickly seek a new position since their unemployment benefits are much higher.
• B) France's labor regulations require a mandatory waiting period before a worker can reapply for a new job.
• C) American workers have many more job opportunities than French workers.
• D) labor unions are weaker in France than they are in the United States.

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Definitions:

Participative Budgeting

A budgeting process where employees at various levels of an organization are involved in the budgeting decision-making process.

Bottom-Up Budgeting

A budgeting approach that starts at the departmental or project level, with expenses and needs being identified from the bottom up, and then consolidated and reviewed at higher levels of management.

Top-Down Budgeting

A budgeting approach where the budget is created at the organization's highest level and then distributed down to departments or units.

Direct Material

Raw materials that are directly used in the manufacturing of a product and can be directly attributed to that product.