Governmental Assistance to the Unemployed

question 161

Multiple Choice

Governmental assistance to the unemployed

• A)was advocated by classical economists.
• B)is taxed as regular income by the federal government.
• C)is opposed by Keynesian economists.
• D)was abolished under the 1986 Tax Reform Act.
• E)may increase unemployment because it enables the jobless to take more time to look for employment.

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Definitions:

Limited Liability Company

A Limited Liability Company (LLC) is a business structure that combines the pass-through taxation of a partnership or sole proprietorship with the limited liability of a corporation.