Despite increasing the unemployment rate, the Employment Insurance program can improve the economy by
A)keeping unmotivated people out of the labour force.
B)allowing workers the time needed to find a job that is a good match for their skills.
C)increasing the need for government.
D)creating an incentive for workers to put a lot of effort into their jobs.
E)creating an incentive for firms to hire more workers.

Question

Quizplus · Accepted Answer

The Employment Insurance program provides temporary financial support to eligible workers who have lost their jobs while they search for a new one. By allowing workers the time needed to find a job that is a good match for their skills, it can result in a more productive workforce overall. This, in turn, can improve the economy. Keeping unmotivated workers out of the labour force or increasing the need for government are not positive outcomes of the program, while creating an incentive for workers to put more effort into their jobs or for firms to hire more workers is not the main purpose of the program.

Despite Increasing the Unemployment Rate, the Employment Insurance Program Can