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.

Question

Quizplus · Accepted Answer

The main cost of unemployment is the loss of output and income because the labour force is not fully employed. When people are unemployed, they are not producing goods or services and not earning income. This leads to a decrease in overall economic output and income, which can have negative ripple effects on the economy as a whole. Additionally, unemployment can lead to additional social problems, such as those mentioned in the other choices, but these are secondary costs that arise from the primary cost of lost output and income.

From an Economic Perspective,the Main Cost of Unemployment Is