BIZ Quiz: Test Your Business Knowledge
Many European nations suffered from high levels of unemployment after World War II.
We’ll test your business knowledge in each issue of Lehigh Business, and give you an opportunity to win bragging rights and Lehigh swag.
This Biz Quiz comes courtesy of Frank P. Gunter, professor of economics.
After World War II, many European nations suffered from high levels of unemployment. Research showed that a large percentage of the unemployed had been employed previously but their employer had let them go—fired them—for one reason or another. To reduce unemployment, these nations passed laws making it more difficult for firms to fire an employee. In some cases, employers had to show cause before a judge before they could fire someone. As a result, unemployment increased!
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