Economists have suggested that the relatively higher unemployment in Europe has been caused by which of the following?

Question

Quizplus · Accepted Answer

All of the factors listed have been suggested as contributing to the relatively higher unemployment in Europe compared to other regions such as the United States. Inadequate macroeconomic policies may include a lack of investment in infrastructure or a failure to control inflation. Relatively high unemployment benefits may reduce the incentive for individuals to find work. Increased labour costs may make it more expensive for businesses to hire workers. Relatively high levels of worker protection may make it difficult for employers to fire or lay off workers, reducing their willingness to hire in the first place.

Economists Have Suggested That the Relatively Higher Unemployment in Europe