It is particularly hard for young workers to obtain a job when the economy is in recession. A government sets up a transfer payment for people looking for work and also gives details of available vacancies. What would be a beneficial result of this policy for people looking for work?
- AFirms no longer need to advertise jobs because there are few vacancies.
- BNo production of goods or services is required for a transfer payment.
- CObtaining information on jobs available makes the labour market more perfect.
- DStudents will leave their studies to join the workforce at an earlier age.