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
Correct Answer: Individuals who choose not to work despite being capable of doing so
Solution : The correct answer is (b) Individuals who choose not to work despite being capable of doing so.
Voluntary unemployment refers to a situation where individuals choose not to work, even though there are job opportunities available and they possess the necessary skills and qualifications for employment. It is a conscious decision by individuals to remain unemployed, often due to personal preferences, lifestyle choices, or other reasons. Voluntary unemployment is different from involuntary unemployment, which occurs when individuals are actively seeking employment but are unable to find suitable jobs.
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 "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 "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 "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
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