Yes, as the unemployment compensation scheme only provides the unemployed with enough money to meet their basic necessities.
Payments provided to unemployed persons by authorised authorities are known as unemployment benefits, sometimes known as unemployment insurance, unemployment payment, unemployment compensation. Benefits are paid for in the US through a mandatory government insurance programme, not through individual citizen taxes. Those amounts may be little, merely covering the most basic requirements, or they could make up for the lost time proportionate to the prior earned wage, depending on the jurisdiction and the individual.
Only individuals who register as becoming unemployed due to no fault of their own are often eligible for unemployment benefits, and frequently only on the condition that they actively seek employment.
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The five foundations of trade are:
- incentives
- tradeoffs
- opportunity cost
- marginal thinking,
- principle that trade creates value.
<h3>Why do we engage in trade?</h3>
There are five main foundations of trade that are the reason why people engage in trade. One of them is the profit incentive to make money from trade. Another is the tradeoffs that people are forced to make to survive.
Opportunity cost also leads to trade because people give up one thing for another and so may have to sell the thing they gave up to receive the thing they want. There is also the principle which posits that when we trade, value is created. Finally, there is marginal thinking which is thinking along the lines of the benefit of one additional unit.
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Answer:
0.6 or 60%
Explanation:
The country's productivity has grown at = 3% - 2% = 1%
Physical capital per worker has grown at = 4% - 2% = 2%
How much has growing physical capital per worker contributed to productivity growth in this country?
productivity increase per 1% of increase in physical capital per worker x growth rate of physical capital per worker = 0.3 x 2% = 0.6%
0.6% / country productivity growth = 0.6% / 1% = 0.6 or 60%
Answer:
d. $45,000
Explanation:
One of the principles of accounting concept- The income and expense matching concept states that costs should be accounted for in the period they were incurred.
Therefore, for warranties, they are expensed in the year product was sold.
Units sold for the hall is 4,500 units
Cost of depreciation per unit is $10/unit
The value of total depreciation amount will therefore be; units sold x depreciation per unit.
= 4,500 x $10
=$45,000
Total amount of depreciation is $45,000.
