Question : If unemployment continues to be a long-term feature of a country, then it is called___________ unemployment.
Option 1: structural
Option 2: casual
Option 3: frictional
Option 4: chronic
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Correct Answer: chronic
Solution : The correct option is chronic.
If unemployment persists over an extended period in a country, it is termed "chronic" unemployment. This type of unemployment is often rooted in structural issues within the economy, such as changes in industries or skills mismatch, leading to a prolonged mismatch between available jobs and workers' skills.
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Question : Which of the following unemployment is the result of depression in an economy?
Option 1: Cyclical unemployment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Structural unemployment
Question : Which among the following types of unemployment is also known as real wage unemployment?
Option 1: Classical
Option 2: Seasonal
Option 3: Structural
Option 4: Frictional
Question : Under which type of unemployment, a person contributes less than their capability?
Option 1: Frictional unemployment
Option 2: Disguised unemployment
Option 3: Compulsory unemployment
Option 4: Cyclical unemployment
Question : __________ unemployment refers to the lowest unemployment level a healthy economy can sustain without causing inflation.
Option 1: Structural
Option 2: Disguised
Option 3: Natural
Question : Unemployment caused by the recession of 2008-2010 is an example of which of the following types of unemployment?
Option 2: Cyclical
Option 3: Frictional
Option 4: Structural
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