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Business, 14.02.2020 01:05 Nadi4753

Understanding that unemployment benefits give workers the incentive to not look for work until their benefits run out, suppose an economist suggested that instead of giving workers up to fifty-two weeks of unemployment benefits that end once the person finds work, a person who loses his or her job would just get a single big check for fifty-two weeks of benefits, regardless of how long the worker is unemployed.

Which of the following are true?1. It is likely to reduce unemployment by increasing the incentives to look for work earlier.
2. It would be costly.
3. It would reduce the incentive to work.
4. It would have to be combined with skill training.

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