According to Most Economists, Which of the Following Would Be

question 90

Multiple Choice

According to most economists, which of the following would be an effect of eliminating unemployment insurance?

• A)It would cause an increase in unemployment because people would quit jobs they thought were not secure.
• B)It would cause an increase in unemployment because if the government didn't provide unemployment insurance, private firms would offer superior insurance.
• C)It would cause a decrease in unemployment and an improvement in economic well-being.
• D)It would cause a decrease in unemployment, but economists disagree about whether economic well-being would be enhanced by such a change.

---

Definitions:

Price Recovery

The process of regaining the cost or value of something, often related to the selling price of goods or services after a period of lower prices or losses.

CISG

The Convention on Contracts for the International Sale of Goods by the United Nations, is a treaty establishing a standardized framework for global trade.

Contractual Obligations

Duties that a party is legally required to perform as specified in a contract, failure of which may lead to legal consequences.

Immediate Delivery

The rapid transfer of goods or securities from seller to buyer without delay.