Which of the following statements correctly describes European labour markets?
A) In recent years,the unemployment rate in every European country has been higher than the unemployment rate in the United States.
B) In recent years,the average unemployment rate in Europe has been higher than the unemployment rate in the United States.
C) Within Europe the short-term unemployment rate shows greater variability across countries than does the long-term unemployment rate.
D) European countries with more generous unemployment insurance tend to have lower unemployment rates.

Question

Quizplus · Accepted Answer

In recent years, the average unemployment rate in Europe has been higher than the unemployment rate in the United States. While some European countries may have lower unemployment rates than the US, on average, Europe has a higher unemployment rate. Therefore, options A, C, and D are incorrect.

Which of the Following Statements Correctly Describes European Labour Markets