Question : ______________ refers to that economic phenomena in which person are able and willing to work at the prevailing wage rate but failed to get work.
Option 1: Disguised unemployment
Option 2: Seasonal unemployment
Option 3: Open unemployment
Option 4: None of the above.
Correct Answer: Open unemployment
Solution : Open unemployment refers to that economic phenomena in which person are able and willing to work at the prevailing wage rate but failed to get work. Hence Option C is correct.
Question : Unemployment that occurs at certain season of the year is called __________ unemployment.
Question : __________ unemployment is a situation where in the number of workers engaged in a work is more than actually optimally needed.
Question : A situation in which a person is not willing to work at the existing wage rate.
Option 1: full employment
Option 2: Involuntary unemployment
Option 3: voluntary unemployment
Option 4: none of these
Question : It is an activity from which a person earns means of livelihood.
Option 1: Employment
Option 2: Disguised unemployment
Option 3: Seasonal unemployment
Option 4: Worker
Question : The natural rate of unemployment refers to the:
Option 1: Rate of unemployment that prevails when the economy is at full employment
Option 2: Rate of unemployment that prevails during a recession
Option 3: Rate of unemployment that prevails during inflation
Option 4: Rate of unemployment that prevails during deflation
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile