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Q.

Choose the given statement as true/false:


Unemployment is a situation when people willing to work at going wages cannot find jobs


see full answer

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a

True

b

False 

answer is A.

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Detailed Solution

The above statement is true.
Unemployment is when people willing to work at wages cannot find jobs. Unemployment leads to poverty. Poverty is the lack of access to basic facilities like food, healthcare, education, and shelter. The nature of unemployment can be of two types that are, disguised and seasonal unemployment. Underemployment occurs when a person, though employed, is made to do jobs that do not utilize his full potential, and the worker remains idle. As unemployment leads to poverty, the poverty line is a method to measure poverty based on income and consumption levels. Unemployment negatively impacts both the income and consumption levels of an individual.
 
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Choose the given statement as true/false:Unemployment is a situation when people willing to work at going wages cannot find jobs