underemplyment Flashcards

1
Q

people with jobs ar econsidered as __ of the economy

A

catalyst

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2
Q

refers to the number of the popultaion which have gainful activities

A

labor force

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3
Q

segment of the population 15 - 65 years old whether gainfully employed, unemployed, looking for work, applying for work, desiring to work, workig in part time

A

labor force

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4
Q

when should one retiredbaed on labor code

A

65 years ol

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5
Q

if military when retire

A

56

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6
Q

voluntary retirement

A

60

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7
Q

forced retirement

A

65

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8
Q

no work during sundays

A

blue sunday law

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9
Q

economic coditoin wherein a person is doing a gainful activity

A

employment

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10
Q

2 forms of employment

A

fully employed
under employent

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11
Q

workign 8 hours a day

A

fully employed

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12
Q

working part time, not 8 hours, job mismatch, working multiple jobs

A

underemployment

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13
Q

doiff tpyes of unepmployent

A

1 demand pull
2 cost push
3 strucutural
4 frictional
5 voluntary
6 cyclical
7 seasonal

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14
Q

there is so much demand for a particular work/job

A

demand pull unemployment

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15
Q

many industries open, creating more job opportunities

A

demand pull unemployment

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16
Q

one of the biggest pharma

A

wyeth usa

17
Q

higher cost of production, people are layed off

A

cost push unemployent

18
Q

2 most improamatn resource in coutnry

A

natural
human

19
Q

the vicious cycle

A

frictional unemployment

unemployjment
lesser/no income
less demand
mpre cases of closure
fewer job opport.

20
Q

moer on job mismatch

A

structural unemploment

21
Q

too lazy to work

A

voluntary unemploymment

22
Q

unemployment as a result in the condition of the economy in the country

A

cyclical unemployment

23
Q

cyclical unemplyjment cycel

A

prosperity - recession - depression/recovery - recovery - prosperity

24
Q

reduce emplyess/ laying off

A

downsizing

25
Q

rampant in agriculture

A

seasonal unemployment

26
Q

philippnes young population. thats why the burden goes to those who need support

A

dependency burden