Economics (unemployment)

What is meant by "unemployment rate"?

• The number of unemployed people divided by the number of overqualified workers and multiplying it by 100.

• The number of unemployed people divided by the number of people who are discouraged workers and multiplying it by 100.

• The number of unemployed people divided by the number of people in the labour force, and multiplying it by 100.

• The number of employed people divided by the number of people in the labour force, and multiplying it by 100

What is the labour force?

• It is the population of able-bodied and willing people who are constantly looking for work, even if they are employed.

• It is the population of able-bodied willing people who are currently employed and unemployed.

• It is the population of people who are able to work, but have stopped looking for work.

• It is the population of able- bodied and willing people who are unemployed.

What is meant by structural unemployment?

• It is a form of unemployment due to a geographic or skill mismatch between workers and employers.

• It is a form of unemployment due to economic downturns but it falls when the economy recovers.

• It is a form of unemployment that is due to the time people take to find a job.

• It is a form of process when unemployment rises due to the fact that many people of the population are not willing to work.

How can you describe an overqualified person?

• It is a person who has been unemployed but now has the skillset to be employed.

• It is a person who hasn't got experience in the field of a particular kind of job, but has skills.

• It is a person who has more knowledge, skill and/or experience than is needed.

• It is a person who has less knowledge, skill and/or experience than is needed.

What is "underemployed"?

• Having a job that does not fully utilize one's skills and abilities or not having enough work

• Being unemployed and looking for a job
• Having a job that fully utilizes one's skills and abilities
• Working part-time while wanting a full-time employment

What is frictional unemployment?

• Unemployment due to lack of available jobs
• Unemployment caused by excessive government regulations
• Unemployment resulting from technological advancements
• Temporary unemployment during which people take time to find jobs

What si meant by recession?

• A term used to describe high inflation rates
• Period of temporary economic decline

• A time of economic growth and prosperity
• A period of stable economic conditions

How would you describe a person who is "out of the labour force"?

• Someone who is currently looking for a job but at the same time employed

• Someone who doesn't have a job and is actively looking for work

• Someone who doesn't have a job and is not actively looking for work

• Someone who currently has a job

Who is considered to be "unemployed"?

• 16 years or older, currently doesn't have a job, however not looking for one but is available for a job

• 16 years or older, currently has a job, but it is isn't permanent and is looking for and available for another job

• 18 years or older, doesn't currently have a job, actively looking for and available for a job

• 16 years or older, doesn't currently have a job, actively looking for and available for a job

What is cyclical unemployment?

• Unemployment caused by excessive government regulations
• Unemployment resulting from technological advancements
• Unemployment due to lack of job opportunities in a specific industry
• Unemployment that rises during economic downturns and and falls when the economy improves