One Way for Governments to Try and Minimize the Effects

question 73

Multiple Choice

One way for governments to try and minimize the effects of structural unemployment is to:

• A) subsidize retraining programs.
• B) increase unemployment benefits.
• C) mandate employers cannot fire anyone.
• D) All of these are ways that would minimize the effects of structural unemployment.

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded by a company, representing obligations that exist at the balance sheet date.

Accounts Payable

Liabilities of a business that represent its obligations to pay for goods or services it has received but not yet paid for.

Accounts Receivable

Money owed to a business by its clients or customers for goods or services provided on credit.

Statement of Cash Flows

A financial report detailing the cash inflows and outflows from operating, investing, and financing activities of a company over a period.