THE GREAT DEPRESSION 1929 1940
THE GREAT DEPRESSION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A person without a paid job, but available to work.
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unemployed
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laid off
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poverty
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None of the above
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Explanation:
Detailed explanation-1: -There are basically four types of unemployment: (1) demand deficient, (2) frictional, (3) structural, and (4) voluntary unemployment.
Detailed explanation-2: -People are classified as unemployed if they meet all of the following criteria: They do not meet the definition of “employed” above; They are available for work; and. They have made specific efforts to find employment some time during the prior four weeks.
Detailed explanation-3: -unemployment, the condition of one who is capable of working, actively seeking work, but unable to find any work. It is important to note that to be considered unemployed a person must be an active member of the labour force and in search of remunerative work.
There is 1 question to complete.