Which of the Following Is Considered a Cost of Unemployment

question 148

Multiple Choice

Which of the following is considered a cost of unemployment?

• A) severe psychological costs to the job loser
• B) higher crime, suicide and divorce rates
• C) wasted resources because a worker is not being utilized
• D) All of the above are considered costs of unemployment.

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Definitions:

Insurance Application

A formal request or proposal to an insurance company for coverage, detailing personal or organizational information relevant for underwriting.

Risk Management

The process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events.

Insurance Company

An entity that provides financial compensation to individuals or entities against losses from specified risks in exchange for premiums.

Risk Distribution

The practice of spreading financial risk across various parties, investments, or financial instruments to reduce the impact of any one failure.