Relative to the Unemployment Insurance Programs of Other Countries, the Salient

question 21

Multiple Choice

Relative to the unemployment insurance programs of other countries, the salient feature of Canada's unemployment insurance program is that:

• A) it is generous to workers who have been permanently laid off.
• B) the duration of benefit entitlement is long.
• C) the premiums that workers and firms pay are high.
• D) it awards generous benefits to part-year workers.
• E) it replaces a high fraction of the wage of the lost job.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members, representing a portion of the corporate profits.

American Opportunity Tax Credit

A credit for qualified education expenses paid for an eligible student for the first four years of higher education, with the potential to receive a partial refund if the credit is more than the taxpayer owes.

Lifetime Learning Credit

A tax credit available in the United States for qualified tuition and related expenses paid for eligible students enrolled in an eligible educational institution, aiming to promote post-secondary education.

Tax Advantage

Financial benefits and savings provided through exemptions, deductions, and credits that reduce the amount of tax owed.