ECONOMICS
TECHNOLOGY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of these people is officially unemployed
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A secretary who took 6 months off for maternity leave
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An aspiring actress who waits tables but would rather act
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Maid who got fired and will start a new job in 2 weeks
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A student who only works 4 hours a week in the library
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Explanation:
Detailed explanation-1: -People who are jobless, looking for a job, and available for work are unemployed. The labor force is made up of the employed and the unemployed.
Detailed explanation-2: -There are three types of unemployment that economists describe: frictional, structural, and cyclical. During recessions and expansions, the amount of cylical unemployment changes.
Detailed explanation-3: -Seasonal unemployment. Frictional unemployment. Cyclical unemployment. Structural unemployment.
Detailed explanation-4: -i. Rural unemployment: Seasonal unemployment, disguised unemployment, and chronic unemployment. ii. Urban unemployment: Industrial unemployment and educated unemployment.
There is 1 question to complete.