Briefly summarize the advantages and disadvantages of unemployment insurance
The main advantage is that unemployment insurance reduces the hardship of losing a job. The main disadvantage is that unemployment insurance increases the amount of unemployment because it reduces the incentives to search for a new job.
Economics
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The tragedy of commons is the
A) underuse of a common resource. B) absence of incentives for people to pay for what they consume. C) fact that common resources are nonrival. D) overuse of a common resource.
Economics
What is price discrimination? Give examples of price discrimination
What will be an ideal response?
Economics