*The most significant real economic cost of high unemployment is:
A. the potential goods and services that might have been produced but weren’t.
B. the money cost of retraining persons to obtain new jobs.
C. the lost tax revenue that might have been paid by persons if they had worked.
D. the money cost of unemployment insurance payments to the unemployed.
Answer:A
*The most significant real economic cost of high unemployment is:
A. the potential goods and services that might have been produced but weren’t. B. the money cost of retraining persons to obtain new jobs. C. the lost tax revenue that might have been paid by persons if they had worked. D. the money cost of unemployment insurance payments to the unemployed.
Explanation: Type: Multiple Choice