A government program that reduces the hardship of being out of work by guaranteeing that unemployed workers receive a percentage of their former income 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 program that guarantees unemployed workers a percentage of their former income while they are unemployed. This helps to reduce the hardship of being out of work and provides a safety net for those who have lost their jobs. Employment insurance may refer to a similar program, but it is not a commonly used term in this context. Natural, frictional, and structural unemployment do not refer to government programs aimed at providing financial support to unemployed workers.

A Government Program That Reduces the Hardship of Being Out