Structural Unemployment May Result from All of the Following Factors

question 206

Multiple Choice

Structural unemployment may result from all of the following factors EXCEPT

• A) union wage contracts.
• B) a higher minimum wage.
• C) improved college education.
• D) welfare and unemployment benefits.

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Definitions:

Aggregate Planning

A process in procurement and production planning aimed at determining necessary capacity and resources to meet anticipated demand.

Transforms Forecasts

Involves using mathematical transformations on historical data to make future predictions.

Projected Demand

An estimate of the future demand for a product or service, based on historical data, market trends, and forecasting techniques.

Total Supply Chain

The entire sequence of processes involved in the production and distribution of a commodity, from raw materials to the final product delivered to the end user.