The principal benefit of unemployment insurance is that it
A. reduces the occurrence of unemployment in the economy.
B. replaces income lost due to unemployment.
C. increases labor force participation.
D. helps reduce the period of unemployment.
Answer: B
Economics
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The marginal revenue product of a resource depends on the following factors, except:
A. The price of the resource B. The price of the product C. The quantity of the resource employed D. The marginal product of the resource
Economics
A person who would work for 15 more years earning $35,000 per year and discounts the future at an interest rate of 5.5% per year has an annually-compounded discounted expected present value of current and future earnings equal to
A. $351,315. B. $856,225. C. $622,881. D. $201,723.
Economics