Which of the following is most likely to reduce structural unemployment?
A) a reduction in wage rates
B) increasing efficiency of the job search by providing applicants with better information about local job openings
C) retraining workers in marketable skills
D) reducing the cost of job loss through enhanced unemployment compensation

Question

Which of the following is most likely to reduce structural unemployment?  
A) a reduction in wage rates 
B) increasing efficiency of the job search by providing applicants with better information about local job openings 
C) retraining workers in marketable skills 
D) reducing the cost of job loss through enhanced unemployment compensation

Quizplus · Accepted Answer

Retraining workers in marketable skills is most likely to reduce structural unemployment as it helps workers develop new skills that are in demand in the job market. This increases their employability, which in turn reduces the level of structural unemployment. Options A, B, and D are more likely to address either frictional or cyclical unemployment.

Which of the Following Is Most Likely to Reduce Structural