By comparison to U.S. labor market policies, European labor market policies promote
A) greater unemployment and job security.
B) slower real wage growth and greater income inequality.
C) greater job opportunities for low-skill workers and greater bargaining power for workers.
D) higher real minimum wages and slower real wage growth.
A
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In the long run, an increase in aggregate demand: a. increases the price level and real output, but the effect on the price level is larger. b. increases the price level and real output, but the effect on output is larger
c. affects only real output. d. affects only the price level. e. affects neither the price level nor real output.
Which of the following countries has the largest national debt as a percentage of GDP?
a. France. b. Japan. c. United States. d. Canada. e. Italy.
As the economy recovered from the 2008-2009 recession during 2010-2013 the employment/population ratio
a. rose sharply during the expansion. b. remained well below the rates achieved prior to the recession. c. remained well above the rates achieved prior to the recession. d. rose even though the labor force participation rate was declining.
Rising prices help control the process of resource depletion by
A. encouraging consumption and waste. B. stimulating more efficient use of the depletable resource. C. disincentivizing resource-saving innovation. D. stimulating resource imports.