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In: Economics

"Our system of payroll taxes and unemployment benefits spreads the cost of unemployment benefits to the...

"Our system of payroll taxes and unemployment benefits spreads the cost of unemployment benefits to the entire population. However, it does not fully eliminate all the costs of unemployment." Are these two statements true or false? Why?

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Ans. Both the statements are true , our system of payroll taxes and unemployment spread the cost of unemployment benefits to entire population but it cant fully  eliminate the cost of unemployment because the unemployment fund they get is very less but the number of unemployed people in country is far more than that.

Rahul Sunny answered 2 years ago
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