lesson 7

Question 1

according to _____ individuals wish to be as occupied as they could and live a life as good as possible

Answer 1

marshall

Question 2

refers to those who perform any work that is paid (including absent from work and on leave)

Answer 2

employed

Question 3

how to measure employment rate

Answer 3

divide the number of employed to the number of labor force

Question 4

refers to those who are not performing any paid work but wish to do so

Answer 4

unemployed

Question 5

refers to those working with the age of 15-60 years old and are either working or looking for work

Answer 5

labor force

Question 6

refers to those who are capable of working with the age of 15-60 but opt not to look for work

Answer 6

not in the labor force

Question 7

unemployment due to the movement of people between jobs

Answer 7

frictional unemployment

Question 8

mismatch between the qualifications of a jobseeker/s and the job opening.

Answer 8

structural unemployment

Question 9

unemployment due to overall low demand for labor (economic recession/depression)

Answer 9

cyclical unemployment

Question 10

a situation where the employed invididual wishes to work more either because of surplus time or need to more income

Answer 10

underemployment

Question 11

considered discouraged workers. a person who wishes to have a job but is not satisfied with the current job offerings

Answer 11

voluntary unemployment