Except During Recessions, Workers in Canada Are Eligible for Unemployment

question 94

Multiple Choice

Except during recessions, workers in Canada are eligible for unemployment benefits for about twice as long a period of time as workers in the United States.As a result,

• A)the average duration of unemployment is longer in the United States than in Canada.
• B)the unemployment rate in Canada is usually higher than in the United States.
• C)the opportunity cost of job search in Canada is lower than in the United States.
• D)frictional unemployment is higher, on average, in the United States than in Canada.
• E)cyclical unemployment is higher, on average in Canada than in the United States.

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Definitions:

Aluminum Industry

The sector of the economy that involves the extraction, production, and processing of aluminum, a lightweight and durable metal used in various applications.

Homogeneous Oligopoly

A market structure characterized by few sellers offering products that are identical or very similar, making competition based mostly on price.

Household Laundry Products

A category of consumer goods including detergents, fabric softeners, and stain removers used in the washing of clothes.

Aluminum

A lightweight, silvery-white metallic element used in a wide range of applications including transportation, construction, and packaging due to its durability and resistance to corrosion.