Naming Unemployment

What is the definition of full employment in economics?

• All of the above.

• All resources are used in production.

• There is no unemployment for those willing and able to work.

• The number of job vacancies equals the number out of work.

Which type of unemployment occurs when workers are changing jobs?

• Voluntary unemployment

• Frictional unemployment

• Structural unemployment

• Cyclical unemployment

What is structural unemployment?

• Unemployment due to economic recession.

• Unemployment chosen by the worker.

• Unemployment due to a mismatch between skills and job requirements.

• Unemployment due to seasonal changes.

Which method is internationally accepted for measuring unemployment?

• None of the above

• Registered Unemployed Method

• HLFS Method

• Census Method

What is a disadvantage of the Census Method?

• Figures can be inaccurately filled in.

• It is a survey method with a percentage of error.

• It surveys 15,000 households every 3 months.

• Figures are instantly available.

What is cyclical unemployment?

• Unemployment due to workers changing jobs.

• Unemployment chosen by the worker.

• Unemployment due to economic recession.

• Unemployment due to a mismatch of skills.

Who are considered part of the labour force?

• All of the above.

• People engaged in unpaid work in a family business.

• People who are unemployed and seeking work.

• People who work one or more hours a week.

What is the natural unemployment rate?

• The rate of unemployment when there is no voluntary unemployment.

• An unavoidable level of unemployment.

• The rate of unemployment when there is no structural unemployment.

• The rate of unemployment when there is no cyclical unemployment.

What is a disadvantage of the Registered Unemployed Method?

• It is the official method.

• Figures are underestimated due to stigma.

• It surveys 15,000 households every 3 months.

• Figures are instantly available.

What is voluntary unemployment?

• Unemployment due to economic recession.

• Unemployment due to a mismatch of skills.

• Unemployment chosen by the worker.

• Unemployment due to workers changing jobs.