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.
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.
Question : Unemployment that occurs at certain season of the year is called __________ unemployment.
Question : __________ unemployment is a situation where in the number of workers engaged in a work is more than actually optimally needed.
Question : A situation in which a person is not willing to work at the existing wage rate.
Question : It is an activity from which a person earns means of livelihood.
Question : _____________________ refers to a situation in which all those people, who are willing and able to work at the existing wage rate, get work without any undue difficulty.
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