Understanding EU and US Labor Markets

What is the main reason for the larger variance in unemployment rates among EU member states compared to US states?

• Different legal systems in the EU

• Language diversity in the EU

• Higher population in the EU

• More industries in the US

Which of the following is NOT one of the Four Freedoms granted by the EU single market?

• Free movement of goods

• Free movement of workers

• Free movement of capital

• Free movement of technology

Why is the US labor market considered more efficient than the EU's?

• The US has more states

• The US has a common language and currency

• The US has a larger population

• The US has fewer industries

What is the proposed solution to improve job allocation efficiency in the EU?

• Adopting a single currency

• Implementing a common legal system

• Increasing the number of member states

• Making English a second official language

Which country is mentioned as having successfully implemented a second language policy?

• India

• Russia

• China

• Brazil