Multiple Choice
Which of the following has a tendency to raise the unemployment rate?
A) Implementing a minimum wage in an economy.
B) Firms deciding to pay efficiency wages in an economy.
C) The establishment of effective trade unions in an economy.
D) All of these options are correct.
Correct Answer:

Verified
Correct Answer:
Verified
Q43: Most economists agree that trade unions reduce
Q44: A woman who quit her job to
Q45: What do economists call the short-term unemployment
Q46: The rate of unemployment in Australia is
Q47: Over the past 30 years, the labour
Q49: The 'unemployment rate' is the percentage of
Q50: An 'efficiency wage' is:<br>A)higher than the market
Q51: The labour force participation rates of men
Q52: In Australia in 2016, approximately how many
Q53: 'Efficiency wages' cause unemployment because firms pay