While on a construction site, Hank, an electrician, slips and falls on an oil-covered floor and injures his back. Hank is not to blame for the accident, and he will keep his job. However, he must stay home for at least two months while he recuperates. Which of the following will pay benefits to Hank while he recovers?

a. Workman’s compensation insurance
b. Unemployment insurance
c. Secondary insurance
d. Liability insurance

a. Workman’s compensation insurance

Economics

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Which of the following is one possible explanation for the change in the natural rate of unemployment in the United States during the 1970s?

A) contractionary fiscal policy B) an increase in the proportion of labor contracts that were indexed C) contractionary monetary policy D) all of the above E) none of the above

Economics

Suppose that the government places a price ceiling in the fish market, and that the ration coupons it issues are bought and sold on a ration coupon market before they are used to purchase fish. Then the

a. excess supply of fish will be eliminated b. price of fish set by the price ceiling would fall c. price of fish set by the price ceiling would rise d. price ceiling must have been too low e. purpose of that price ceiling would be defeated

Economics