QuestionAugust 18, 2025

Which of the following is not considered a cost of unemployment? loss of self-respect by those who are unemployed waste of the economy's resources negative psychological effects on those who have lost their jobs higher inflation rates loss of income by those who are unemployed

Which of the following is not considered a cost of unemployment? loss of self-respect by those who are unemployed waste of the economy's resources negative psychological effects on those who have lost their jobs higher inflation rates loss of income by those who are unemployed
Which of the following is not considered a cost of unemployment?
loss of self-respect by those who are unemployed
waste of the economy's resources
negative psychological effects on those who have lost their jobs
higher inflation rates
loss of income by those who are unemployed

Solution
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Answer

Higher inflation rates Explanation 1. Identify Costs of Unemployment Analyze each option to determine if it is a direct cost of unemployment. - Loss of self-respect by those who are unemployed: Psychological cost. - Waste of the economy's resources: Economic cost. - Negative psychological effects on those who have lost their jobs: Psychological cost. - Higher inflation rates: Not directly related to unemployment. - Loss of income by those who are unemployed: Economic cost.

Explanation

1. Identify Costs of Unemployment<br /> Analyze each option to determine if it is a direct cost of unemployment.<br /><br />- Loss of self-respect by those who are unemployed: Psychological cost.<br />- Waste of the economy's resources: Economic cost.<br />- Negative psychological effects on those who have lost their jobs: Psychological cost.<br />- Higher inflation rates: Not directly related to unemployment.<br />- Loss of income by those who are unemployed: Economic cost.
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