The opportunity cost of being unemployed tends to be the highest in which of the following countries?
A)Canada
B)the United States
C)France
D)the United Kingdom
E)Sweden

Question

Quizplus · Accepted Answer

The opportunity cost of being unemployed is generally highest in the United States due to its limited social welfare benefits compared to countries like Canada, France, the United Kingdom, and Sweden, which have more comprehensive social safety nets and unemployment benefits. This means that the financial impact of unemployment is typically more severe in the U.S., making the opportunity cost of not working higher.

The Opportunity Cost of Being Unemployed Tends to Be the Highest