Practicing Success

Target Exam

CUET

Subject

General Test

Chapter

General Knowledge

Topic

Economics

Question:

What do you understand by the term unemployment? 

Options:

Used for people who are willing to work at given wages but cannot find work

Used for people who are not willing to work at given wages but find work

Used for people who are working in a field space where requirement of worker is more

Used for people who get jobs at wage rate more than their expectations

Correct Answer:

Used for people who are willing to work at given wages but cannot find work

Explanation:

Unemployment is said to exist when people who are willing to work at the going wages cannot find jobs.