Choose the given statement that is true/false.

Open unemployment and disguised unemployment are the same.

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True

False

answer is B.

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Detailed Solution

The above statement is false.
Open unemployment and disguised unemployment are different from each other. Open unemployment is when a person is willing to work but does not have any work. His unemployment is known to all. The government has figures for such open unemployment and takes measures to reduce them as much as possible. Disguised unemployment, on the other hand, is different. It refers to inconsistency in the unorganized sector. It also refers to the situation in which more people than required are employed to do specific work. This type of employment is complex for the government to determine.
The correct statement is that open unemployment and disguised unemployment differ.

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