Question : The concept of "structural unemployment" refers to:
Option 1: Unemployment caused by changes in the business cycle
Option 2: Unemployment caused by the lack of job opportunities in rural areas
Option 3: Unemployment caused by the introduction of labor-saving technologies
Option 4: Unemployment caused by the migration of workers to urban areas
Correct Answer: Unemployment caused by the introduction of labor-saving technologies
Solution : The correct answer is (c) Unemployment caused by the introduction of labor-saving technologies.
Structural unemployment refers to unemployment that occurs due to a mismatch between the skills and qualifications of workers and the requirements of available jobs. It is caused by changes in the structure of the economy, such as technological advancements, changes in consumer demand, or shifts in the composition of industries. When new technologies are introduced that automate or replace certain jobs, workers may become unemployed if their skills are no longer in demand. Structural unemployment requires workers to acquire new skills or transition to different industries to find employment.
Question : The concept of "technological unemployment" refers to:
Option 1: Unemployment caused by changes in the business cycle.
Option 2: Unemployment caused by the migration of workers to urban areas.
Option 3: Unemployment caused by the introduction of labor-saving technologies.
Option 4: Unemployment caused by the lack of job opportunities in rural areas.
Question : The concept of "cyclical unemployment" refers to:
Option 3: Unemployment caused by the lack of job opportunities in rural areas.
Option 4: Unemployment caused by the introduction of labor-saving technologies.
Question : The concept of "residual unemployment" refers to:
Option 2: Unemployment that remains even at the peak of economic growth
Option 3: Unemployment caused by the lack of job opportunities in rural areas
Option 4: Unemployment caused by the introduction of labor-saving technologies
Question : The concept of "informalization of labor" refers to:
Option 1: The shift from formal employment to self-employment
Option 2: The increase in labor market regulations and protections
Option 3: The integration of the informal sector into the formal economy
Option 4: The migration of workers from rural to urban areas
Question : The concept of "brain drain" refers to:
Option 1: The emigration of skilled individuals from one country to another.
Option 2: The migration of individuals from rural to urban areas.
Option 3: The loss of jobs due to technological advancements.
Option 4: The withdrawal of workers from the labor force.
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