In recent years, unemployment rates in several European countries have been higher than unemployment rates in the United States. Many economists believe that European unemployment rates have been higher because O unemployment benefits are more generous in Europe than in the United States. of the different methods used to measure unemployment. If similar methods were used, unemployment rates in Europe and the United States would be about the same. European firms hire many seasonal workers from other countries, and this tends to inflate unemployment rates in their countries. O the size of the military is much larger in the United States and all military personnel are classified as employed.

In recent years, unemployment rates in several European countries have been higher than unemployment rates in the United States. Many economists believe that European unemployment rates have been higher because O unemployment benefits are more generous in Europe than in the United States. of the different methods used to measure unemployment. If similar methods were used, unemployment rates in Europe and the United States would be about the same. European firms hire many seasonal workers from other countries, and this tends to inflate unemployment rates in their countries. O the size of the military is much larger in the United States and all military personnel are classified as employed.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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