Many Economists Believe That the More Strict Rules for Qualifying

question 34

Multiple Choice

Many economists believe that the more strict rules for qualifying for employment- insurance benefits introduced by the federal government in the early 1990s have led to

• A)higher frictional unemployment.
• B)higher structural unemployment.
• C)lower structural unemployment.
• D)lower cyclical unemployment.
• E)lower frictional unemployment.

---

Definitions:

Work Sheet

An informal document used by accountants and auditors for preparing financial statements and ensuring the correctness of accounts.

Post-Closing Trial Balance

A listing of all accounts and their balances after closing entries are made, serving as a check to ensure that debits equal credits.

Accounts Receivable

Money owed to a company by its customers for goods or services delivered but not yet paid for.

Retained Earnings Account

An equity account on the balance sheet that represents the accumulated net income of a company that has not been distributed to shareholders as dividends.