Which of the Following Is Not an Economic Cost of Unemployment

question 64

Multiple Choice

Which of the following is not an economic cost of unemployment?

• A) an increase in wages for those workers who are employed as there are fewer people in the labour force
• B) loss of tax revenue to the government
• C) lower profit levels for firms than if there was full employment
• D) loss of income to the individual who becomes unemployed

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Definitions:

Gender Identity

An individual's personal sense of their own gender, which may or may not correspond to the sex assigned at birth.

Perception of Self

An individual's awareness and understanding of their own personality, strengths, weaknesses, and unique characteristics.

More Flexible

The quality of being adaptable or willing to adjust to new conditions or circumstances.

Mathematical Ability

The capability to perform mathematical calculations, understand theories, and solve numerical problems.