5. Because unemployment insurance is only partially experience-rated a Workers with more experience receive less insurance than workers with no experience. b Only some workers may claim payments beyond 26 weeks. c Cash payments to replace lost wages during recuperation. d Seasonal jobs are subsidized relative to non-seasonal jobs. 6. The Median Voter Theorem is consistent with Arrow's Impossibility Theorem because a The median voter is a dictator b It produces irrational preferences. c It violates the Independence of Irrelevant Alternatives condition d Not all types of preferences are permitted. 7. The Hicks-Kaldor Compensation Principle states that a policy produces a net gain if a it makes at least one individual better off without making another worse off. b the losers of the policy could, in principle, compensate the gainers and still be better off. c government revenue losses from the project are compensated for by social gains. d none of the above 8. A pure public good is characterized as being a rival and excludable. b non-rival and excludable. c rival and non-excludable. d non-rival and non-excludable. 3