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
Correct Answer: Working fewer hours than required
Solution : The correct answer is (b) Working fewer hours than required
Underemployment occurs when individuals are employed, but their level of employment or the number of hours they work is less than what they desire or need. It implies that individuals are not fully utilizing their skills, qualifications, and availability to work due to insufficient work opportunities or part-time employment. Underemployment can have adverse effects on income, job satisfaction, and overall economic productivity.
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 "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 "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 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
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
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