Why Is There an On-Going Debate About the EI System

question 161

Multiple Choice

Why is there an on-going debate about the EI system in Canada

• A)EI only insures people in the high-risk industries.
• B)EI only insures people in the high unemployment regions.
• C)The EI premium is too high for the employer.
• D)The EI system is not organized along the principles of an insurance system.

Identify the characteristics and implications of different types of long-run supply curves in pure competition.

Analyze the impact of demand, cost, and industry adjustments on the equilibrium price and quantity in the long run.

Distinguish between constant-cost, increasing-cost, and decreasing-cost industries and their effects on long-run supply.

Recognize the conditions under which long-run equilibrium is achieved in a purely competitive market.