Which of the following is correct?
a. Unemployment insurance raises structural unemployment because it reduces the job search efforts of the unemployed.
b. Most economists are skeptical of the value of unemployment insurance primarily because they believe that it results in a poorer match between workers and jobs.
c. Studies show that when the unemployed become ineligible for benefits, the probability of their finding a job rises markedly.
d. All of the above are correct.
c
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If a price ceiling on coffee is set above the market-clearing price, then
A) the quantity of coffee demanded will decrease. B) the quantity of coffee supplied will increase. C) the quantity demanded for coffee will increase. D) all of the above will occur. E) none of the above will occur.
Under representative democracy,
a. the median voter's preferences are always satisfied b. citizens no longer have any influence since they do not vote on each issue c. representatives may reflect the preferences of the median voter d. less vote trading will occur than under direct voting e. vote trading is impossible