When looking at the unemployment rates for various countries, which of the following is a reason...
When looking at the unemployment rates for various countries, which of the following is a reason why we should not accept cross-country comparisons at face value?
Select the two correct answers below.
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each country has a slightly different definition of unemployment
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each country has slightly different survey tools for measuring unemployment
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the labor markets are largely the same in most countries
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most countries report 0% unemployment rates
Homework Answers
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each country has a slightly different definition of unemployment
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each country has slightly different survey tools for measuring unemployment
Explanation: Each country defines unemployment in different ways and there are differences in the way data is collected.
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