What are some ways to address unemployment in a market economy? Select three answers. A. Creating new projects
B. Increasing regulation
C. Lowering restrictions
D. Raising more taxes
E. Promoting hiring
What are some ways to address unemployment in a market economy? Select three answers.
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To address unemployment in a market economy, three effective ways are:
A. Creating new projects – This can stimulate job creation as new initiatives often require hiring workers for various roles.
C. Lowering restrictions – Reducing regulations can encourage businesses to expand and hire more employees, as it minimizes the barriers to entry and operational costs.
E. Promoting hiring – Implementing incentives for businesses to hire more employees can directly reduce unemployment rates by providing companies with the motivation and financial assistance they need to take on new staff.
These strategies focus on enhancing business activity and encouraging employment opportunities.