Which of the following would be most likely to reduce the rate of unemployment?
A) a business recession
B) an Internet job listing system that makes it easier to get information about job openings and available employees
C) an increase in unemployment compensation benefits
D) a rise in the minimum wage

Question

Quizplus · Accepted Answer

An Internet job listing system makes it easier for job seekers to find job openings and for employers to find workers, increasing the efficiency of the job market and reducing unemployment.

Note: Options A, C, and D would not be likely to reduce unemployment. A business recession would actually increase unemployment by causing layoffs and business closures. An increase in unemployment compensation benefits may provide temporary relief for job seekers, but it does not create new job opportunities. A rise in the minimum wage may cause some employers to reduce their workforce in order to compensate for the increased labor costs, leading to higher unemployment.

Which of the Following Would Be Most Likely to Reduce