Ch.30- Employment and unemployment

Question 1

Employment

Answer 1

Being involved in a productive activity for which a payment is received

Question 2

Unemployment

Answer 2

Being without a job while willing and able to work

Question 3

Flexible labour force

Answer 3

A labour force is one which adjusts quickly and smoothly to changes in market conditions

Question 4

Economically active

Answer 4

Those in the labour force, both employed and unemployed

Question 5

Economically inactive

Answer 5

Those not in the labour force

Question 6

Labour market participation rate

Answer 6

The proportion of the working-age population who are in the labour force

Question 7

Claimant count

Answer 7

A measure of unemployment which counts as unemployed those in receipt of unemployment benefits

Question 8

Labour Force Survey (ILO) Measure

Answer 8

A measure of unemployment which counts as unemployed people who identify as such in a survey

Question 9

Frictional unemployment

Answer 9

Temporary unemployment arising from workers being in between jobs

Question 10

Structural unemployment

Answer 10

Unemployment caused by long-term changes in the pattern of demand and methods of production

Question 11

Cyclical unemployment

Answer 11

Unemployment caused by a lack of aggregate demand

Question 12

Search unemployment

Answer 12

Unemployment arising from workers who have lost their jobs looking for a job they’re willing to accept

Question 13

Causal unemployment

Answer 13

Unemployment arising from workers regularly being between periods of employment

Question 14

Seasonal unemployment

Answer 14

Unemployment caused by a fall in demand at particular times of the year

Question 15

Regional unemployment

Answer 15

Unemployment caused by a decline in job opportunities in a particular area of the country

Question 16

Technological unemployment

Answer 16

Unemployment caused by workers being replaced by capital equipment