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2 July, 23:35

Economic instability has high economic and social costs.

The discomfort index is one measure of the economic costs of instability.

Which of the following is a social cost of economic instability?

a. wasted resources

c. economic growth

b. inflation

d. full employment

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Answers (1)
  1. 2 July, 23:58
    0
    Full employment and economic growth are positive effects, so they would not be "a cost of economic instability" - we can reject this option.

    The best answer is inflation - it's an economic cost and it has negative effects, such as increasing the prize of the goods faster than wages.
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Home » Social Studies » Economic instability has high economic and social costs. The discomfort index is one measure of the economic costs of instability. Which of the following is a social cost of economic instability? a. wasted resources c. economic growth b. inflation d.
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