Which of the Following Is an Economic Cost of Rising

question 84

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:

Intuition

The ability to understand something instinctively, without the need for conscious reasoning.

Scholastic Abilities

The academic skills and talents an individual possesses, often used in the context of learning and education.

Reasoning

The action of thinking about something in a logical, sensible way to form a conclusion or judgment.

Verbal Comprehension

The ability to understand words, sentences, and paragraphs in spoken (oral) language.