What is Unemployment

A quick quiz about macroeconimc topic Unemploymen

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1. 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 continent geographically has a relatively higher unemployment rate than the rest of the continent'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
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2. Which of these is a CONSEQUENCE of unemploymnent

  • Political Instability
  • Lower household income
  • Relocation by foreign firms
  • Uncontrolled borrowing

3. Unemployment is....

  • A situation where an economy is recession and firms reduce their workforce
  • When a person who is willing and able to work is unable to find a job
  • When labour is made redundant
  • When an economy does not use all of its labour force

4. A person becomes search unemployed as result

  • None of the above
  • Searching for jobs
  • Seeking a desirable occupation
  • Being on the claimant count

5. Which of these is a direct cause of unemployment

  • Lack of resources
  • Budget Deficit
  • Inflation
  • Corruption

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