Choose the given statement is True/False

If individuals become unemployed because they are changing their jobs and are moving from one place to another they are disguisedly unemployed.

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

True

False

answer is B.

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The statement is False.
Disguised unemployment occurs when a portion of the labour force is either unemployed or working redundantly, resulting in worker productivity that is effectively nil. When productivity is poor and too many people are applying for too few jobs, an economy exhibits disguised unemployment. The idea of individuals being employed but not very effectively is another way to see disguised unemployment. Their abilities are being overlooked, they are doing occupations that do not match them (perhaps due to a market inefficiency that fails to identify their skills), or they are working but not as much as they would like to. For example, a field needs 4 people to work on it but has 6 people working. This situation would not lead to any extra production resulting in putting those 2 extra people in disguised unemployment
The correct statement should be that when a portion of the labour force is either jobless or working redundantly, it is said to be disguised unemployment since worker productivity is virtually zero.

Watch 3-min video & get full concept clarity