Advertisements
Advertisements
Question
Unemployment is reduced due to the measures were taken by the government. State its economic value in the context of production possibilities frontier.
Advertisements
Solution 1
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.
Solution 2
Theeconomic value of reduction in unemployment is that it will help the economy in realising its production potential.
APPEARS IN
RELATED QUESTIONS
What is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy? Explain
Explain the meaning of under-employment equilibrium. Explain two measures by which full-employment equilibrium can be reached.
Victor is able to get work only for two hours in a day. Rest of the day, he is looking for work. Is he unemployed? Why? What kind of jobs could persons like Victor be doing?
Find the odd word out:
Urban unemployment -
The unemployment rate for ____________ are found to be higher than for ____________.
Labour force refers to:
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:
Most of the disguised unemployed persons in India are found in:
Unemployed people is calculated as:
The unemployment rate for ______ are found to be higher than for ______ .
You are a factory owner and have given employment to 400 workers. If 10 workers are dismissed by you without loss of production then this situation will be described as ______
______ approach to measuring unemployment uses seven days preceding the date of the survey as the reference period.
______ approach to measuring unemployment seeks to ascertain the activity status of an individual for each day of the reference week.
Assertion (A): Unemployment and poverty are inseparable twins.
Reason(R): Unemployment is the root cause of all socio-economic evils
Defend or refute the following statement with a valid explanation:
‘Disguised unemployment is a common form of unemployment in rural India’
'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.
Explain the causes of unemployment in India.
Which of the following is a social impact of unemployment?
Why does underemployment commonly occur among educated youth in Indian cities?
Which of the following is an economic impact of unemployment in India?
What is a common cause of unemployment in the Indian agricultural sector?
Which of the following age groups is NOT considered unemployed according to the definition of unemployment?
What is the defining characteristic of open unemployment?
In disguised unemployment, what is the impact on total output when extra workers are removed from employment?
Which type of unemployment primarily affects educated persons in urban areas?
According to the rural vs urban unemployment comparison, which type of unemployment is most common in rural areas?
Which sector is primarily associated with unemployment in urban areas?
How does unemployment contribute to mental health problems in affected individuals?
According to the consequences of unemployment, how does it affect the working population?
How do technological changes relate to the causes of unemployment?
