An Increase in Unemployment Benefits Is Likely To

question 45

Multiple Choice

An increase in unemployment benefits is likely to:

• A)reduce a person's incentive to look for work.
• B)reduce the opportunity cost of remaining employed.
• C)provide a better safety net for employed families.
• D)decrease the tax imposed on consumers.
• E)increase the need to accept the first job available after becoming unemployed.

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Definitions:

Health and Pension Benefits

Forms of compensation provided by employers in addition to salary, including healthcare coverage and retirement savings plans.

Older Employees

Workers within an organization who are typically closer to retirement age, often bringing years of experience and knowledge to their roles.

Employee Assistance Programs

Services offered by employers to help employees deal with personal problems that might adversely impact their work performance, health, and well-being.

Personal and Work-related Problems

Issues affecting individuals that stem from their personal life or their workplace, impacting their performance or well-being.