What is Unemployment

A quick quiz about macroeconimc topic Unemploymen

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1. What causes technological unemployment

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

2. Regional Unemployment can be defined as....

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

3. Which of these is a direct cause of unemployment

  • Lack of resources
  • Budget Deficit
  • Inflation
  • Corruption

4. 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

5. What is unemployment measured by

  • Consumer Price Index and Labour Force survey
  • Labour Force Survey and Retail Cost Index
  • Claimant count and Labour Force Survey
  • Real Wages and Claimant count

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