For the Individual, the Output Lost During Periods of Unemployment

question 48

True/False

For the individual, the output lost during periods of unemployment is the greatest economic cost of unemployment.

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Definitions:

Hygiene Factors

Aspects of a job that can cause dissatisfaction if absent, according to Herzberg's motivation-hygiene theory, including salary, company policies, and working conditions.

Motivators

Factors that stimulate energy in people to be continually interested and committed to a job, role, or subject, and to exert persistent effort in attaining a goal.

Negative Factors

Elements or conditions that can cause harm, hinder progress, or create adverse effects in a given situation or environment.

Jobs

Engagements or roles within organizations or as freelancers that individuals perform in exchange for compensation.