Which of the Following Is True About the Federal Unemployment

question 3

Multiple Choice

Which of the following is true about the Federal Unemployment Tax Act?

• A) The federal government pays all unemployed workers the same amount.
• B) State governments pay unemployed workers according to a federal schedule of benefits.
• C) States access money from the federal government's Unemployment Insurance Fund.
• D) The federal government sets eligibility requirements for all unemployed workers.

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Definitions:

Equilibrium Quantity

Equilibrium Quantity is the quantity of goods or services that is supplied and demanded at the equilibrium price, where the quantity supplied equals the quantity demanded in a market.

Increase in Supply

A situation in which the quantity of a good or service that producers are willing and able to offer for sale rises, holding all else equal.

Increase in Demand

Occurs when more of a good or service is sought by consumers at each and every price, often represented by a rightward shift of the demand curve.

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price, where supply equals demand.