Unemployment occurs when _____
A) people do not work because they are not happy with the work environment.
B) people are unwilling to work at the prevailing market wage rate.
C) people prefer leisure over work.
D) people do not work because they are physically unable to work.
E) people are willing and able to work but cannot find jobs.

Question

Quizplus · Accepted Answer

Unemployment occurs when people are willing and able to work but cannot find jobs. This means that despite wanting to work, these individuals are unable to secure jobs due to various factors such as lack of available jobs, lack of necessary skills, or discrimination. The other options listed do not accurately describe the concept of unemployment.

Unemployment Occurs When _____