What is Unemployment

A quick quiz about macroeconimc topic Unemploymen

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1. Cyclical Unemployment occurs when....

  • A situation which constant union strikes makes workers unemployed
  • when the costs of production for a firm become to great, due falling demand
  • A cyclical fall in the price of raw materials causes firms to reduce cost by lowering labour
  • firms make labour redundant due to demand pull inflation
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2. Seasonal Unemployment is most common in the...

  • The secondary sector
  • The service industry
  • The manufacturing industry
  • The tourism and leisure industry
  • The primary sector

3. What is the consequence of a person being "frictionally unemployed"

  • Temporary unemployment
  • Falling real wages
  • Falling living standards
  • Increased crime rates

4. Regional Unemployment can be defined as....

  • when a specific region in a country geographically has a relatively higher unemployment rate than the rest of the country’s average unemployment rate
  • occurs when a specific region in a town geographically has a relatively higher unemployment rate than the rest of the city’s average unemployment rate
  • when a specific region in a continent geographically has a relatively higher unemployment rate than the rest of the continent's average unemployment rate
  • occurs when a specific region in the world geographically has a relatively higher unemployment rate than the rest of the world’s average unemployment rate

5. What causes technological unemployment

  • Capital replacing human labour
  • Foreign labour replacing domestic labpur
  • Failures in technology making workers temporarily unemployed
  • A lack of technological skil

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