Question : Which among the following types of unemployment is also known as real wage unemployment?
Option 1: Classical
Option 2: Seasonal
Option 3: Structural
Option 4: Frictional
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Correct Answer: Classical
Solution : The correct option is Classical.
Classical unemployment, also known as real wage unemployment, occurs when wages are inflexible and set above the equilibrium level. In this situation, the supply of labour exceeds the demand, leading to unemployment. Classical economists argue that interference in free markets, such as minimum wage laws, contributes to this form of unemployment.
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Question : Which of the following unemployment is the result of depression in an economy?
Option 1: Cyclical unemployment
Option 2: Frictional unemployment
Option 3: Seasonal unemployment
Option 4: Structural unemployment
Question : Unemployment caused by the recession of 2008-2010 is an example of which of the following types of unemployment?
Option 2: Cyclical
Option 3: Frictional
Option 4: Structural
Question : A type of unemployment in rural areas when people are not able to find jobs during some months of the year is called _____.
Option 1: educated unemployment
Option 2: disguised unemployment
Option 3: frictional unemployment
Option 4: seasonal unemployment
Question : Under which type of unemployment, a person contributes less than their capability?
Option 1: Frictional unemployment
Option 2: Disguised unemployment
Option 3: Compulsory unemployment
Option 4: Cyclical unemployment
Question : Which type of unemployment is generally seen in urban areas?
Option 1: Educated unemployment
Option 2: Seasonal unemployment
Option 3: Disguised unemployment
Option 4: None of these
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