Problem 5
What is full employment?
Problem 7
Making Inferences and Drawing Conclusions A number of antipoverty programs are targeted specifically at children: . State Children's Health Insurance Program (SCHIP) provides health insurance to low income children who do not qualify for Medicaid and have no health insurance . National School Lunch Program provides free or reduced price lunches to eligible children . School Breakfast Program provides cash to schools for offering breakfasts to more than 8 million children nationally What are the economic benefits of antipoverty programs aimed at children?
Problem 7
Why would producers tend to experience inflation before consumers? What type of inflation would the producers experience?
Problem 7
Unemployment insurance provides money to workers who have lost their jobs through no fault of their own. In most states, the insurance is funded entirely by employers. What else might business and government do to help unemployed workers?
Problem 8
Solving Economic Problems Antipoverty programs in the United States are least effective for immigrant families and for non-elderly people without children. Why might this be so?
Problem 8
In June 2005 , claims for unemployment insurance in Illinois from construction workers made up about 14 percent of all claims. In December 2005 they made up about 21 percent. Why might more construction workers file for unemployment benefits in December than in June? What type of unemployment best explains the difference?
Problem 9
Imagine that union leaders are meeting with the owners of a steel manufacturer to negotiate a new five-year contract for union employees. Explain how both sides of the union-management negotiation team must take the unpredictability of future inflation into account.
Problem 10
Challenge In 2005 , the poverty threshold for a family of four was an annual income of just over \(\$ 19,800\). Based on this income, devise a monthly budget for a family of four. Assume that no taxes or payroll deductions will reduce the family's income. Also assume that the family lives in an apartment that costs \(\$ 700\) per month. Provide a detailed account of your estimated allowances for food, clothing, and other expenses.
