Social Security Part One Unemployment Insurance And Disability Insurance Jeopardy Template

Social Insurance	Unemployment Insurance	Disability Insurance
100 What are Social Security, Unemployment Insurance, Disability Insurance, Worker's Compensation, and Medicare? Five different forms of Social Insurance.	100 What is federal and state? Unemployment Insurance is mandated at the ______ level and administered at the ______ level.	100 What is federal? Administered at the _____ level.
200 The principle that the marginal utility derived from consumption falls as the level of consumption rises Diminishing Marginal Utility	200 What are workers earned a minimum amount over the past year, couldn't have quit or been fired for cause, and must actively seeking employment and willing to accept job comparable to the one they lost? Three criteria to qualify for Unemployment Insurance.	200 What is two years? After _____ people on disability insurance are able to qualify for health insurance under medicare
300 What is consumption smoothing? The translation of consumption from periods when consumption is high, and thus has low marginal utility, to periods when consumption is low, and thus has high marginal utility.	300 What is 26-65 weeks? Range of time that unemployment is paid out.	300 What is Old Age and Survivors Insurance? Financed by the _____________ portion of Social Security
400 What is states of the world? The set of outcomes that are possible in an uncertain future	400 What is Federal Unemployment Tax Act (FUTA)? Federally mandated payroll tax that is levied on employers to pay for unemployment insurance.	400 What is five months? In order to prove disability, the DI program mandates that the individual cannot receive benefits until they have been disabled for __________.
500 What is that individuals will demand full insurance in order to fully smooth their consumption across states of the world? The fundamental result of basic insurance theory.	500 What is targeting? Reform that recognizes the need to better target program benefits toward those who benefit the most from consumption smoothing and/or for whom the moral hazard problems or social insurance are the smallest	500 What is 10% and 3%? For every __% increase in Disability Insurance benefits the number of older workers in the labor force falls by __%

Social Security Part One: Unemployment Insurance and Disability Insurance

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