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प्रश्न
Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.
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उत्तर
As the government implements various schemes to overcome the unemployment situation in an economy, there will be an increase in the employment level. So, the point which was within the production possibility curve (PPC) will become closer to PPC. This implies that the economy is operating on the PPC with better utilisation of resources and hence increased the level of output and income.
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संबंधित प्रश्न
Find the odd word out:
Urban unemployment -
Which of the following is false regarding the labour force?
When a labour does not get employment opportunity despite his willingness to work at the existing wage rate.
Unemployment is the result of:
The unemployment rate for ______ are found to be higher than for ______ .
Why did the government shift its strategy from long term to short term programs to remove unemployment?
Which of the following are the salient features of the unemployment situation in India?
______ approach to measuring unemployment uses a reference period of 365 days.
______ approach to measuring unemployment seeks to ascertain the activity status of an individual for each day of the reference week.
'Ram is able to get work only for two hours in a day. Rest of the day, he is looking for work.' Is he unemployed? What kind of job could person like Ram be doing?
“In rural areas of India more members of a family are engaged on work, yet the gross income of the family is generally low.”
Identify the type of unemployment indicated in the above statement and explain the paradox associated with it.
Complete the correlation:
______ : Disguised unemployment; Urban unemployment : Industrial unemployment
Complete the correlation :
______: Disguised unemployment; Urban unemployment : Industrial unemployment.
