Question

One consequence of unemployment is that: a. the time and skills of the unemployed are not...

One consequence of unemployment is that:

a. the time and skills of the unemployed are not being put to use.

b. it can create uncertainty about the future.

c. some productive potential of the economy is being wasted.

d. All of these are consequences of unemployment.

Homework Answers

Answer #1

Unemployment as we know is a situation, when a person is willing and able to do a work but is not getting any work to do. There are different types of unemployment as seasonal, cyclical and structural. Unemployment leads to number of problems as crime, stress,poverty,unemployment include severe financial hardship and debt, homelessness and housing stress, family tensions and breakdown and so on.

The correct option is (d).

All if these are consequences of unemployment.

Hope you got the answer.

Kindly comment for further explanation.

Thanks ?

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
[16] The three major macroeconomic problems are: A) debt, deficits, and taxation. B) unemployment, inflation, and...
[16] The three major macroeconomic problems are: A) debt, deficits, and taxation. B) unemployment, inflation, and taxation. C) unemployment, falling production, and deficits. D) unemployment, falling production, and inflation. [17] The economic term for a resource that is available for production but is not being utilized is: A) idle. B) wasted. C) inefficient. D) unemployed. [18] Being unemployed can: A) cause a person to alter spending patterns and lifestyle. B) affect a person's self-esteem and relationships with others. C) cause...
1. Frictional unemployment occurs when: a. workers do not have the skills demanded in labor markets....
1. Frictional unemployment occurs when: a. workers do not have the skills demanded in labor markets. b. there is inadequate demand for labor. c. workers leave one job to search for another. d. the number of unemployed workers exceeds the number of job vacancies. 2. Which of the following best describes an individual that is structurally unemployed? a. A new college graduate who is currently without a job but who has had several interviews that promise to result in job...
Does the​ Fed's dual mandate require it to attain a zero percent unemployment​ rate? Briefly explain....
Does the​ Fed's dual mandate require it to attain a zero percent unemployment​ rate? Briefly explain. A. ​No, because even when the economy is at full​ employment, there is still a natural rate of unemployment. B. ​No, because even when the economy is at full​ employment, some people will always be cyclically unemployed. C. ​Yes, because without a zero percent unemployment​ rate, there will be financial distress in the economy. D. ​Yes, because without a zero percent unemployment​ rate, GDP...
11. In one year you meet 52 people who are each unemployed for one week (and...
11. In one year you meet 52 people who are each unemployed for one week (and one week only), and seven people who are each unemployed for the whole year. Each person who was unemployed for only one week was not unemployed during the same week as any other person who was unemployed for only one week. What percent of the unemployed people that you meet during the year are short-term unemployed? A. 11.9% B. 13.5% C. 86.5% D. 87.5%...
9) Normative economic statements Select one: a. always contain value judgments. b. violate the law of...
9) Normative economic statements Select one: a. always contain value judgments. b. violate the law of ceteris paribus. c. are easily testable. d. are usually wrong. Ceteris paribus means Select one: a. making all the necessary changes. b. let the buyer beware. c. other things constant. d. for certain parameters. A widely accepted socio-economic goal is Select one: a. unemployment. b. inefficiency. c. economic growth. d. inflation. A society currently operating on its production possibilities curve is Select one: a....
7. Natural Rate of Unemployment usually means Group of answer choices Zero unemployment, i.e. no frictional,...
7. Natural Rate of Unemployment usually means Group of answer choices Zero unemployment, i.e. no frictional, structural or cyclical unemployment. Some frictional and cyclical unemployment, but no structural unemployment. Some structural and cyclical unemployment, but no frictional unemployment. Some frictional and structural unemployment, but no cyclical unemployment. 8. Which of the following individuals would be considered structurally unemployed? Group of answer choices a fork lift operator who quit her job to look for a similar position with better working conditions...
2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a....
2. Who of the following are included in the Bureau of Labor Statistics’ “employed” category? a. certain unpaid workers b. part-time workers c. workers on vacation d. All of the above are correct. 3. Ava owns her own business. The Bureau of Labor Statistics counts Ava as a. unemployed and in the labor force. b. unemployed and not in the labor force. c. employed and in the labor force. d. employed and not in the labor force. 4. Unemployment that...
Which of the following is NOT a potential issue with the official unemployment rate? Select one:...
Which of the following is NOT a potential issue with the official unemployment rate? Select one: a. It fails to distinguish between full-time and part-time workers b. Some workers who may want to work drop out of the labor market due to unfavorable conditions c. It does not differentiate between short-term and long-term unemployment d. It fails to account for the surplus quantity of labor supplied caused by the minimum wage
Why is the underutilisation rate higher than the underemployment rate?​ b) The current unemployment rate is...
Why is the underutilisation rate higher than the underemployment rate?​ b) The current unemployment rate is 5.2% and the number of people in the labour force is 212,000. Use this information to find the following. (i) How many people are unemployed?​​​​​ (ii) If the working age population is 320,000 what is the labour force participation rate?​​​​​​​​​ (iii) Tara, who lives in Sydney is not a particularly productive worker and she is often unemployed as she gets sacked from her various...
1. Which of the following is true of unemployment? A) It is defined as the number...
1. Which of the following is true of unemployment? A) It is defined as the number of people actively looking for work who do not have jobs. B) The result is that the economy operates inside its production possibilities curve. C) There are psychological consequences associated with unemployment. D) All of the above. 2. Which of the following people would be considered unemployed? A) Homer, who lost his job at the power plant and is not looking for work B)...