The level of employment insurance bene?fits should be such that the consumption when unemployed and employed is the same. True or False?

The level of employment insurance bene?fits should be such that the consumption when unemployed and employed is the same. True or False? Support your answer with an explanation (one to two sentences) or a diagram. [1 mark]

Expert Solution

This statement is false.

Because if insurance provides same consumption for both employed and unemployed people,then people will have an incentive to stay unemployed and they will not enter in labor force.As a result,there will be huge unemployment and economic output will be low.

Rahul Sunny answered 2 years ago

Is the following assertion true, false, or uncertain? “Increasing the level of unemployment bene ts will...

Is the following assertion true, false, or uncertain? “Increasing the level of unemployment bene ts will prolong the average length of unemployment spells. Hence, a policy of raising UI benefits is not socially desirable." Explain.

the following statement true, false, or uncertain? Justify your answer. . 1. Investment, employment and consumption...

the following statement true, false, or uncertain? Justify your answer. . 1. Investment, employment and consumption are procyclical variables.

A CDS works the same way as an insurance on default True False If an equity...

A CDS works the same way as an insurance on default True False If an equity swap is signed at time 0, promising to exchange a fixed rate against the gains of the Dow Jones index, and the index starts falling, the value of the swap ______ (decreases/increases) for the investor who promised to pay the fixed rate.

TRUE OR FALSE: Wage and hour claims are typically covered in EPLI (Employment Practices Liability Insurance)...

TRUE OR FALSE: Wage and hour claims are typically covered in EPLI (Employment Practices Liability Insurance) policies.

True or False. A mandate requiring all jobs to provide health insurance has the same impacts...

True or False. A mandate requiring all jobs to provide health insurance has the same impacts as a plan imposing an income tax to fund a government health insurance plan covering all workers (assume the insurance plans are identical in both cases), because with both plans workers end up paying for healthcare in the form of lower take home wages.

True/False Full employment exists only when the unemployment rate is 0. GDP is a nominal measurement...

True/False Full employment exists only when the unemployment rate is 0. GDP is a nominal measurement If price level falls over the given time period, purchasing power has fallen Long-Run Aggregate Supply Curve shows production at the level of potential real GDP The CPI of the base year is 100 A change in Quantity Demanded of Real GDP is driven by a change in the price level, ceteris paribus As interest rates rises, both consumption and investment rise so thereby...

*unemployment labor force unemployment rate employed worker unemployed worker __________________ problem: unemployment rate participation rate employment...

*unemployment labor force unemployment rate employed worker unemployed worker __________________ problem: unemployment rate participation rate employment population rate _______________________________ type of unemployment: _________________________________ how to measure value added: define value added and its relation with GDP. difference between GDP & GNP.

A.1 TRUE OR FALSE QUESTIONS It is a myth that contracts of employment need to be...

A.1 TRUE OR FALSE QUESTIONS It is a myth that contracts of employment need to be written. TRUE b. FALSE Absenteeism is a major social problem with cost for the individual worker alone. a. TRUE b. FALSE The purpose of job posting is to inform employees about job vacancies a. TRUE b. FALSE In selection process validity refers to the extent to which a predictor correlates with criteria identified as measuring job performance. . a. TRUE b. FALSE A structured...

1)True or False: Ambiguity is a type of vagueness True False 2)True or False: When determining...

1)True or False: Ambiguity is a type of vagueness True False 2)True or False: When determining whether a report of an argument should be treated as an argument, it is important to consider the context in which the report is made. True True False 3) True or False: In a V argument with two premises, if one of the premises is false, then the argument is definitely weak True False 4) True or False: A report of an argument can...

You should spend money on housing, clothing and basic insurance before investing. True False

Question