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 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 country geographically has a relatively higher unemployment rate than the rest of the country’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 a town geographically has a relatively higher unemployment rate than the rest of the city’s average unemployment rate
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2. Unemployment is....

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

3. Structural Unemployment is the result of the job seeker's...

  • Level of Skill
  • Work History
  • Wage Rate
  • Credit Record

4. A person becomes search unemployed as result

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

5. 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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