Employment (OCR A-Level Economics): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is the unemployment rate?
What is the unemployment rate?
% of labour force unemployed & seeking work
What types of unemployment exist at full employment?
What types of unemployment exist at full employment?
Frictional and structural only
Who are classified as economically inactive?
Who are classified as economically inactive?
Retirees, students, not seeking work
What causes cyclical unemployment?
What causes cyclical unemployment?
Lack of demand in the economy
What characterises frictional unemployment?
What characterises frictional unemployment?
Short-term, matching workers with jobs
What causes structural unemployment?
What causes structural unemployment?
Mismatch between skills & employer needs
In which sectors does seasonal unemployment typically occur?
In which sectors does seasonal unemployment typically occur?
Tourism and agriculture
What does high employment indicate about an economy?
What does high employment indicate about an economy?
High output, income & consumer spending
Does full employment mean zero unemployment?
Does full employment mean zero unemployment?
No, it means low & stable unemployment
What is required under the ILO unemployment definition?
What is required under the ILO unemployment definition?
Actively sought work in past 4 weeks
What is an advantage of the Labour Force Survey?
What is an advantage of the Labour Force Survey?
Broader measure, includes non-claimants
What is a disadvantage of the Claimant Count?
What is a disadvantage of the Claimant Count?
Not all unemployed claim benefits