Developed nations deal with labor market imperfections involving training by
A)Taxing firms that don't train
B)Fund national apprenticeship programs
C)Practicing job training and job rotation during slack periods
D)a, b, and c
E)a and b only

Question

Quizplus · Accepted Answer

The best choice is D as it includes all three options - taxing firms that don't train, funding national apprenticeship programs and practicing job training and job rotation during slack periods. By implementing these strategies, developed nations can address labor market imperfections involving training and ensure that workers have the necessary skills to meet the demands of a changing economy. Taxing firms that don't train encourages them to invest in their employees and promotes skill development. Funding apprenticeship programs provides a structured way for individuals to gain the necessary skills and knowledge for a specific industry or occupation. Practicing job training and job rotation during slack periods helps to ensure that workers are constantly learning and developing their skills, even when demand for their services is low.

Developed Nations Deal with Labor Market Imperfections Involving Training by