Which of the following explains why many European countries have unemployment rates that are higher than in the United States?
A)Technological change occurs at a faster rate in Europe,so structural unemployment is higher in Europe.
B)European countries offer higher unemployment benefits than the United States.
C)Firms in European countries offer employees higher wages and higher benefits than do firms in the United States.
D)The minimum wage in Europe is lower than it is in the United States.

Question

Quizplus · Accepted Answer

Many European countries offer higher unemployment benefits than the United States. This can make it less costly for individuals to remain unemployed for longer periods of time, leading to higher unemployment rates.

Which of the Following Explains Why Many European Countries Have