Structural unemployment in Europe is most likely due to:
A)Trade protectionism
B)rigidities and inflexibility in the labor markets
C)excessive fluctuations in exchange rates
D)the national minimum wage

Question

Quizplus · Accepted Answer

Structural unemployment is caused by long-term changes in the economy such as shifts in technology or consumer demand. In Europe, this type of unemployment is largely attributed to rigidities and inflexibility in the labor markets, such as high minimum wages, strict employment protection laws, and lack of mobility in the workforce. Trade protectionism and exchange rate fluctuations may lead to short-term economic instability, but they are not the root cause of structural unemployment.

Structural Unemployment in Europe Is Most Likely Due To