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.
Correct Answer: Individuals who are unemployed during specific seasons of the year.
Solution : The correct answer is (b) Individuals who are unemployed during specific seasons of the year.
The concept of "seasonal unemployment" refers to a type of unemployment that occurs when individuals are unemployed during certain seasons of the year when their usual occupations or industries experience a decline in demand or activity. This type of unemployment is often associated with sectors such as agriculture, tourism, and construction, where work is highly dependent on seasonal variations.
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.
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 "underemployment" refers to:
Option 1: Having multiple jobs simultaneously
Option 2: Working fewer hours than required
Option 3: Being employed in a low-skilled occupation
Option 4: Being unemployed despite seeking employment
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 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
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile