From an Economic Perspective,the Main Cost of Unemployment Is

question 96

Multiple Choice

From an economic perspective,the main cost of unemployment is

• A) increased crime,domestic violence,alcoholism,and drug abuse.
• B) the loss of output and income because the labour force is not fully employed.
• C) increased stress,loss of self-esteem,and deterioration in the workers' skills from lack of use.
• D) the workers' loss of income and control over their life.
• E) the increase in the cost of social programs to combat increased crime,alcoholism,drug abuse and other social problems.

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Definitions:

Total Revenue

The overall amount of money generated by a firm from selling its goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.

Lawn-mowing

The act of cutting grass to a uniform length, often done as routine maintenance for residential and commercial landscapes.

Perfectly Competitive

Describes a market structure where there are many buyers and sellers, all selling homogeneous products, with no single buyer or seller able to influence the market price.