What effect does the payment of government unemployment insurance have on the unemployment rate?
What will be an ideal response?
The payment of government unemployment insurance likely raises the unemployment rate. The unemployment insurance payments lower the opportunity cost (the salary that the unemployed are giving up by not working) of continuing to search for a job, which leads the unemployed to spend more time searching for a job.
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Use the figure below to answer the following question.
An increase in supply would best be reflected by a change from
A. point 2 to point 5. B. point 1 to point 3. C. point 1 to point 2. D. point 3 to point 4.
Table 17.1 YearReal GDPPopulation1$575 billion22 million2$580 billion24 million3$605 billion25 million4$606 billion27 millionRefer to Table 17.1. GDP per capita in year 1 was
A. $26.136 billion. B. $26,136.36. C. $26.136 million. D. $261,363.63.
Environmental harm declines with rising income per person when
A. with rise in income the increase in demand for better environment quality is larger than any adverse effects from rising production scale. B. the adverse effect of any increase in nominal Gross Domestic Product (GDP) dominates any modest improvements from better production techniques. C. the government imposes restrictions on the import of environment-friendly technologies from abroad. D. the consumption of environment-friendly goods decline with an increase in income.
(Last Word) The "after this, therefore because of this" fallacy states that:
A. because event A precedes event B, A is necessarily the cause of B. B. the very attempt to accomplish a certain objective may create conditions that prohibit the achievement of that objective. C. events may drastically alter plans; one's intentions and actual accomplishments may differ considerably. D. generalizations that are accurate at the level of microeconomics may be inaccurate at the level of macroeconomics.