Which of the following is considered a cost of unemployment?
A) severe psychological costs to the job loser
B) higher crime, suicide and divorce rates
C) wasted resources because a worker is not being utilized
D) All of the above are considered costs of unemployment.

Question

Quizplus · Accepted Answer

All of the options listed are considered costs of unemployment. The severe psychological costs to the job loser can be damaging to their mental health and overall well-being. Higher crime, suicide and divorce rates can occur due to the financial strain and stress of being unemployed. Additionally, wasted resources occur because a worker who is not being utilized is not contributing to the economy and could be using resources such as job training and education without utilizing them.

Which of the Following Is Considered a Cost of Unemployment