Structural unemployment results when:
A. the minimum wage is set to increase in the near future.
B. there is generous unemployment insurance.
C. workers are temporarily laid off due to weather conditions.
D. the real wage is above its market-clearing level.
Ans: D. the real wage is above its market-clearing level.
You might also like to view...
Taxes in the United States as a percentage of GDP are among the highest in the world
a. True b. False Indicate whether the statement is true or false
Suppose that MPL = 20 and MPK = 21. If W = 10 and R = 11, then a firm:
A. is producing its output at the lowest possible cost. B. could reduce costs by employing more labor and less capital. C. could reduce costs by employing more capital and less labor. D. could minimize costs by employing more of both inputs.
More specialization in a market economy generally leads to the more efficient use of its resources.
Answer the following statement true (T) or false (F)
Which of the following statements regarding gender differences in international labor markets is true?
A. Men and women are typically employed at the same rate in developed countries. B. The difference in male and female wages in the United States is about the average of other developed countries. C. There is no discernable wage gap between men and women in most developed countries. D. The difference in male and female wages in the United States is less than in almost any other developed country. E. There is a sizeable wage gap between men and women in most developed countries.