The government can assist in reducing the level of structural unemployment by
A) providing unemployment benefits.
B) establishing government regulations on hiring employees.
C) subsidizing the relocation of workers who lose their jobs.
D) instituting a minimum-wage law.
E) incentivizing companies to move their production overseas.

Question

Quizplus · Accepted Answer

Subsidizing the relocation of workers who lose their jobs can assist in reducing structural unemployment by helping workers who are unable to find jobs in their local area to move to areas with better job prospects. This can help to reduce the skills mismatch between available jobs and workers' skills, which is often a key factor in causing structural unemployment. Providing unemployment benefits can provide some relief to those who are unemployed but it does not directly address the root causes of structural unemployment. Establishing government regulations on hiring employees can both help and hurt structural unemployment, depending on the regulations. Instituting a minimum-wage law can potentially increase structural unemployment by making it more expensive for firms to hire low-skilled workers. Incentivizing companies to move their production overseas could potentially increase structural unemployment in the domestic economy, as jobs are moved to other countries.

The Government Can Assist in Reducing the Level of Structural