The trade-offs in the effect of unemployment insurance are:
A. it prolongs the job search, but reduces the number of job searches a person has to make.
B. it shortens the job search, but lengthens the number of times a person will switch careers.
C. it is free money and makes people lazy, but without it people would starve.
D. it reduces incentive to accept a job, but reduces the number of job offers typically made.
A. it prolongs the job search, but reduces the number of job searches a person has to make.
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The figure above shows Clara's demand for CDs. If the price for a CD is $15, then Clara
A) receives no consumer surplus on the 6th CD she buys. B) receives a total of $10 of consumer surplus. C) will buy no CDs. D) receives a total of $40 of consumer surplus.
If a 10 percent rise in price leads to a reduction in quantity demanded of more than 10 percent,
A. demand is elastic. B. demand is inelastic. C. elasticity of demand is unitary. D. None of the above is correct.
Which of the following is not an advantage of starting a new business as a corporation?
A) separation of ownership and business liability B) possibility of double taxation C) ability to share risks D) enhanced ability to raise funds
Reasons for holding Eurodollars include
A) the fact that Eurodollar deposits are insured by the FDIC. B) the fact that dollars are widely used to conduct international transactions. C) the fact that minimum transaction sizes are very low, making Eurodollars an attractive savings instrument for consumers. D) the fact that Eurodollar deposits are heavily regulated.