select all that apply. which of the following could be considered as a cost of unemployment? severe…

select all that apply. which of the following could be considered as a cost of unemployment? severe psychological costs to the job loser the lost income that results from being unemployed lower income tax revenue for the government higher training costs associated with new employees higher crime, suicide and divorce rates need help? review these concept resources. read about the concept

select all that apply. which of the following could be considered as a cost of unemployment? severe psychological costs to the job loser the lost income that results from being unemployed lower income tax revenue for the government higher training costs associated with new employees higher crime, suicide and divorce rates need help? review these concept resources. read about the concept

Answer

Brief Explanations:

Unemployment has personal, economic, and social costs. Job - losers often face psychological distress. Unemployment means lost income for individuals and lower tax revenue for the government. Socially, it is associated with higher rates of crime, suicide, and divorce. Higher training costs for new employees are not directly a cost of unemployment but rather a cost of hiring new staff.

Answer:

  • Severe psychological costs to the job loser
  • The lost income that results from being unemployed
  • Lower income tax revenue for the government
  • Higher crime, suicide and divorce rates