Question
Which of the following statements is/are incorrect?
Select the incorrect definition using the code given below:
- Open Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
- Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
- Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
Select the incorrect definition using the code given below:
Answer: Option A
Answer: (a)
Seasonal Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
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Answer: (a)
Seasonal Unemployment: It refers to unemployment that occurs at certain seasons of the year. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of the soil, the type and numbers of crops grown, etc.
Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other.
Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
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