Which of the following statements correctly describes European labor markets?
A) In recent years, the unemployment rate in every European country has been higher than the unemployment rate in the United States.
B) In recent years, the average unemployment rate in Europe has been higher than the unemployment rate in the United States.
C) Within Europe the short-term unemployment rate shows greater variability across countries than does the long-term unemployment rate.
D) European countries with more generous unemployment insurance tend to have lower unemployment rates.

Question

Quizplus · Accepted Answer

According to the statement, the average unemployment rate in Europe has been higher than the unemployment rate in the United States. Therefore, option B is the correct answer. Option A is incorrect because it makes an absolute statement that is not necessarily true. Option C is incorrect because it refers only to short-term and long-term unemployment rates in Europe and does not provide a comprehensive view of the labor markets. Option D is incorrect because it makes a generalized statement without providing evidence or examples to support it.

Which of the Following Statements Correctly Describes European Labor Markets