Costs of Unemployment Include

question 97

Multiple Choice

Costs of unemployment include

• A) structural unemployment.
• B) the output lost due to the fact that the economy is not running at full employment.
• C) reduction in the labor force.
• D) higher wages.

---

Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.