The Government Should Extend the Duration of Unemployment Benefits to Those

question 40

Multiple Choice

The government should extend the duration of unemployment benefits to those workers who lost their jobs due to outsourcing. This statement is best described as

• A) an example of marginalism.
• B) an example of the fallacy of composition.
• C) a normative statement.
• D) a positive statement.

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Definitions:

Ribeye Steaks

A type of beef steak sliced from the rib primal of a beef animal, known for its rich marbling and flavor.

Fixed Cost

Costs that do not vary with the volume of production or sales, such as rent, salaries, or property taxes.

Advertising

The action of calling public attention to products, services, or events, mainly through paid announcements by an identified sponsor.

Unbundling

The practice of separating a product or service into individual components that can be sold separately, often to provide more flexibility or value to the customer.