A government program that reduces the hardship of being out of work by guaranteeing that unemployed workers receive a percentage of their former incomes while they are unemployed is referred to as
A) employment insurance.
B) unemployment insurance.
C) natural unemployment.
D) frictional unemployment.
E) structural unemployment.

Question

Quizplus · Accepted Answer

Unemployment insurance is a government program that guarantees a percentage of former incomes to unemployed workers. Choice A (employment insurance) is not a commonly used term and may be confused with benefits provided by an employer. Choices C, D, and E refer to different types of unemployment and do not describe a government program.

A Government Program That Reduces the Hardship of Being Out