Unemployment Causes And Remedies Flashcards
1
Q
What are the 5 causes of unemployment
A
Residual
Seasonal
Frictional
Structural
Cyclical
2
Q
What is residual
A
Mental or physical
Refusal to work
3
Q
Frictional
A
In between jobs
Bankruptcy or liquidation
4
Q
What are the remedies of seasonal unemployment
A
Tourist season extension
Techniques
Capital loans
5
Q
What are the remedies for frictional unemployment
A
Jobshops
Shortening time people spend searching for work
Grants, geographical and occupational mobility
Government investment
6
Q
What 3 reasons could be attributed to structural unemployment
A
Reduction in demand
Technological development
Foreign competition
