Other questions in this quiz

2. The formula for the unemployment rate is....

  • number of unemployed people divided by the number of people in the economy’s labour force
  • The country's labour force over the number of firms in the economy
  • The eligible labour force over the adult population
  • Claimant count number divided by Labour Force survey number

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

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

4. 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

5. Which of these is a solution to unemployment

  • Foreign Loans
  • None of the Above
  • Subsidies
  • All of the above
  • Reducing Indirect taxation

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