Which of the Following Is an Economic Cost of Rising

question 34

Multiple Choice

Which of the following is an economic cost of rising unemployment rates?

• A)loss of GDP
• B)an inward shift in the production possibility frontier
• C)a fall in the amount of unemployment benefits paid by the government
• D)an increase in income levels, as people who lose their jobs move onto the unemployment benefits

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Definitions:

Clean Water Act

is a primary federal law in the United States governing water pollution, aiming to restore and maintain the chemical, physical, and biological integrity of the nation's waters.

Water Pollution

The contamination of water bodies such as lakes, rivers, oceans, and groundwater caused by harmful substances being discharged into them.

Main Responsibility

The primary duty or obligation that an individual or entity is expected to fulfill.

Ocean Dumping Ban Act

A U.S. law that prohibits the dumping of material into the ocean that would unreasonably degrade or endanger human health or marine environments.