Young workers find it particularly hard to obtain employment during an economic recession. A government provides a transfer payment for people who are looking for work and gives information about vacancies. What would be a beneficial effect 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.