A cyclical fall in the price of raw materials causes firms to reduce cost by lowering labour
when the costs of production for a firm become to great, due falling demand
firms make labour redundant due to demand pull inflation
A situation which constant union strikes makes workers unemployed
8. What is unemployment measured by
Real Wages and Claimant count
Consumer Price Index and Labour Force survey
Claimant count and Labour Force Survey
Labour Force Survey and Retail Cost Index
9. 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
10. 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
11. Structural Unemployment is the result of the job seeker's...
Credit Record
Level of Skill
Wage Rate
Work History
12. 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
13. Which of these is a direct cause of unemployment
Lack of resources
Budget Deficit
Inflation
Corruption
14. What causes technological unemployment
A lack of technological skil
Foreign labour replacing domestic labpur
Capital replacing human labour
Failures in technology making workers temporarily unemployed
