OCR Eco: Chap 2 Unemployment and Employment

Which type of unemployment is often associated with generous unemployment benefits?

• Structural Unemployment

• Frictional Unemployment

• Voluntary Unemployment

• Seasonal Unemployment

What is a potential negative effect of achieving full employment?

• Decreased demand for labor

• Lower wages

• Potential for inflation

• Reduced economic growth

What can high unemployment rates lead to among young people?

• Increased job opportunities

• Social division and alienation

• Higher incomes

• Improved health

What is one of the effects of full employment on economic growth?

• Reduced consumer spending

• Lower incomes

• Higher consumption

• Increased government borrowing

What does "under-employment" refer to?

• Working full-time but wanting to work part-time

• Working part-time but preferring to work full-time

• Not being part of the labour force

• Actively seeking work but not finding any

What is one potential problem with the Claimant Count measure of unemployment?

• a) It includes people who are not actively seeking work

• b) It excludes people who are receiving unemployment benefits

• c) It only includes people of working age

• d) It relies on accurate profiling of households

What is the term for a person working part-time but wanting to work full-time?

• A person working part-time but wanting to work full-time

• When someone is not working, but actively seeking work

• People who are neither working nor looking for work

• The number of unemployed divided by the economically active population

What is the Labour Force Survey method of measuring unemployment?

• A survey that counts the number of people receiving unemployment benefits

• A survey that counts the number of people actively seeking work

• A survey that counts the number of people employed part-time

• A survey that counts the number of people employed full-time

What is unemployment?

• The state of being employed and actively seeking a new job.

• The state of being without a job and actively seeking employment.

• The state of being employed but working fewer hours than desired.

• The state of being retired and not seeking employment.

What is the claimant count method of measuring unemployment?

• Measuring unemployment by counting the number of individuals who are actively seeking employment.

• Measuring unemployment by counting the number of individuals who are claiming unemployment benefits.

• Measuring unemployment by conducting surveys and interviews.

• Measuring unemployment by counting the number of job vacancies.