Unemployment occurs _____
A) when skilled workers are employed in low-skill jobs.
B) when workers who are willing and able to work cannot find a job.
C) when workers drop out of the labor force in frustration.
D) only when a country adopts an export-promotion strategy.
E) only when a country adopts an import-substitution strategy.

Question

Quizplus · Accepted Answer

Unemployment occurs when workers who are willing and able to work cannot find a job. This is the most common definition of unemployment and is the primary concern of policymakers and economists trying to address the issue. Unemployment can also be caused by structural factors (such as changes in technology or competition from abroad) or cyclical factors (such as recessions or economic downturns), but the common thread is that it involves a mismatch between the supply of available workers and the demand for their skills and labor. A or C are not correct because they do not encompass the full scope of unemployment, and D and E are also not correct as they refer to specific economic strategies rather than to the general phenomenon of unemployment.

Unemployment Occurs _____