Which of the following statements is correct?
A)Technological advances always lead to the permanent displacement of workers.
B)The typical unemployment compensation in the United States is one's half salary for 26 weeks.
C)Unemployment compensation increases the opportunity cost of being unemployed to a worker.
D)Unemployment compensation discourages longer job searches, which leads to a mismatch between jobs and employees.
E)If there is a balance between demand and supply in the labor market, frictional employment must equal zero.

Question

Quizplus · Accepted Answer

Unemployment compensation in the United States typically provides about half of a worker's previous salary for up to 26 weeks, though the exact amount and duration can vary by state. This system is designed to provide temporary financial assistance to individuals who are unemployed through no fault of their own.

Which of the Following Statements Is Correct