If the U.S. system of unemployment insurance did not exist, one would predict that
A. workers would never become unemployed.
B. workers in jobs that face seasonal cycles of unemployment would be paid higher wages.
C. no worker would accept a job that is associated with seasonal unemployment.
D. workers who became unemployed would remain unemployed for longer durations.
E. seasonal unemployment would cease to exist.
Answer: B
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Consider a production possibilities frontier with corn on the vertical axis and cars on the horizontal. Unusually good weather for growing corn shifts
A) the horizontal intercept rightward and the vertical intercept upward. B) the horizontal intercept rightward but does not shift the vertical intercept. C) the vertical intercept upward but does not shift the horizontal intercept. D) neither the horizontal intercept nor the vertical intercept.
The text lists 5 key provisions of the Dodd-Frank Act. What are those 5 key provisions?
What will be an ideal response?