Countries with higher than average unemployment rates have ________ compared to the United States.

Question

Quizplus · Accepted Answer

Countries with higher than average unemployment rates often have more generous unemployment benefits and more regulated labor markets as a way to protect workers and provide social safety nets. However, these policies can also lead to job market rigidity, making it harder for firms to hire and for workers to transition between jobs. This is not necessarily correlated with technology levels or labor force participation rates, and may not necessarily have a direct effect on unemployment rates.

Countries with Higher Than Average Unemployment Rates Have ________ Compared