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
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.
APPEARS IN
RELATED QUESTIONS
What is likely to be the impact of efforts towards reducing unemployment on the production potential of the economy? Explain
Complete the correlation:
Seasonal unemployment.: Tourist guides;______________ : Graduates
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:
Unemployed people is calculated as:
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 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
“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.
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?
Which solution is suggested for reducing unemployment in India?
