Asked by Lesley Sifuentes on May 04, 2024
Verified
Which of the following is not an effect of unemployment on families?
A) High-income workers are less likely than low-income workers to be able to prove they were fired due to layoffs and are therefore less likely to collect unemployment benefits.
B) Rising job losses have increased consumers' bankruptcy filings,which,in turn,ruins a person's credit rating and ability to borrow money in the future to buy a house or car.
C) Middle class families that collect too much in unemployment benefits often don't qualify for federal or state food stamps.
D) Many Americans have stopped taking the prescription drugs they need because they need the money for groceries and housing.
Bankruptcy Filings
Legal procedures undertaken by individuals or businesses unable to repay outstanding debts, aiming for relief from some or all of their financial obligations.
Prescription Drugs
Medications that are legally dispensed only with a medical prescription due to potential side effects or risks.
Unemployment Benefits
Financial payments granted by the government to unemployed people who meet certain eligibility criteria.
- Recognize the impact of unemployment on families and individuals.
Verified Answer
AS
Akash SinghMay 06, 2024
Final Answer :
A
Explanation :
Option A is not an effect of unemployment on families. It is a statement about the difficulty high-income workers face in collecting unemployment benefits. The other options describe actual effects of unemployment on families, such as bankruptcy, inability to qualify for food stamps, and choosing between medication and basic needs like food and housing.
Learning Objectives
- Recognize the impact of unemployment on families and individuals.