Question : The concept of "open unemployment" refers to:
Option 1: Individuals who are unemployed and actively seeking employment.
Option 2: Individuals who are employed but looking for better job opportunities.
Option 3: Individuals who are unemployed but not actively seeking employment.
Option 4: Individuals who are temporarily unemployed due to seasonal factors.
Correct Answer: Individuals who are unemployed and actively seeking employment.
Solution : The correct answer is (a) Individuals who are unemployed and actively seeking employment.
The concept of "open unemployment" refers to individuals who are unemployed and actively seeking employment. These individuals are available for work and are actively engaged in job search activities, such as submitting job applications, attending job interviews, and actively seeking job opportunities. Open unemployment represents the portion of the labor force that is actively looking for work but has not yet found employment.
It is important to distinguish open unemployment from other forms of unemployment, such as hidden unemployment or underemployment. Hidden unemployment refers to individuals who are unemployed but not actively seeking employment, such as discouraged workers who have given up looking for work due to a lack of job opportunities. Underemployment refers to individuals who are employed but are working part-time or in jobs that do not fully utilize their skills and qualifications.
Therefore, open unemployment specifically refers to individuals who are without a job, available for work, and actively searching for employment.
Question : The concept of "seasonal unemployment" refers to:
Option 1: Individuals who are unemployed due to changes in the business cycle.
Option 2: Individuals who are unemployed during specific seasons of the year.
Option 3: Individuals who are unemployed and actively seeking employment.
Option 4: Individuals who are employed but working fewer hours than desired.
Question : The concept of "discouraged workers" refers to individuals who:
Option 1: Choose not to work despite being capable of doing so
Option 2: Have given up searching for employment due to the lack of job opportunities
Option 3: Are unemployed and actively seeking employment
Option 4: Are temporarily unemployed due to seasonal factors
Question : The concept of "voluntary unemployment" refers to:
Option 1: Individuals who are unemployed and actively seeking employment
Option 2: Individuals who choose not to work despite being capable of doing so
Option 3: Individuals who are unemployed due to changes in the business cycle
Option 4: Individuals who are unemployed and discouraged from seeking employment
Question : The concept of "guest workers" refers to:
Option 1: Workers who are temporarily employed in a foreign country
Option 2: Workers who are self-employed in the informal sector
Option 3: Workers who migrate from rural to urban areas for better job opportunities
Option 4: Workers who are unemployed and discouraged from seeking employment
Question : The term "underemployment" refers to a situation where individuals:
Option 1: Are unemployed and actively seeking work
Option 2: Are working less than their full capacity or in jobs below their skill level
Option 3: Are employed in the informal sector
Option 4: Are engaged in seasonal work
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