1. Why do unemployment benefits give some incentive to stay unemployed?

1. Why do unemployment benefits give some incentive to stay unemployed?
2. Define opportunity cost and give an example from your own experience. The opportunity cost is the sum of explicit and implicit costs of using a resource in a given fashion. It is the value of the next best alternative.Click here for more on this paper.......

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3. Suppose that, in a year, an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. If these countries were open to trade, which country would export shirts? Give a specific numerical example and show it on your graph. Which country would benefit from trade? Explain.Click here for more on this paper.......

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