Question : ______________ refers to that economic phenomena in which person are able and willing to work at the prevailing wage rate but failed to get work.
Option 1: Disguised unemployment
Option 2: Seasonal unemployment
Option 3: Open unemployment
Option 4: None of the above.
Answer (1)
18th Jan, 2024
Correct Answer:
Open unemployment
Solution :
Open unemployment refers to that economic phenomena in which person are able and willing to work at the prevailing wage rate but failed to get work.
Hence Option C is correct.
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