Which of the following is most likely to reduce structural unemployment?
A)a reduction in wage rates
B)increasing efficiency of the job search through better information on local job openings
C)retraining workers in marketable skills
D)promotion of full employment through government stabilization policies
E)reducing the cost of job loss through enhanced unemployment compensation

Question

Quizplus · Accepted Answer

Retraining workers in marketable skills is most likely to reduce structural unemployment because it directly addresses the mismatch between the skills workers have and the skills needed for available jobs. This helps workers transition from declining industries to growing industries, which in turn reduces the level of structural unemployment. The other options may have some impact on unemployment, but they are not as effective in addressing the underlying structural factors that lead to unemployment.

Which of the Following Is Most Likely to Reduce Structural