How Much You Know About Unemployment? Trivia Quiz

The statement "Employment is when people do not work" is incorrect. Employment refers to the state of being employed or having a job. It implies that people are actively working and engaged in some form of employment. Therefore, the correct answer is False.

Voluntary unemployment refers to a situation where an individual willingly chooses not to work, despite being capable of finding employment. This decision could be influenced by various factors such as personal preferences, dissatisfaction with available job opportunities, or the pursuit of other activities. Therefore, the statement that voluntary unemployment occurs when somebody chooses to be unemployed is correct.

Seasonal unemployment refers to a situation where individuals are employed only during specific months of the year. This type of unemployment commonly occurs in industries that are dependent on seasonal demand, such as tourism, agriculture, or construction. During off-seasons, when demand decreases, workers may be laid off or experience reduced working hours. Therefore, the given answer, "True," accurately represents the definition of seasonal unemployment.

Structural unemployment is not specifically related to being between two jobs. It refers to a type of unemployment that occurs due to a mismatch between the skills and qualifications of job seekers and the available job openings in the market. It is caused by changes in the structure of the economy, such as technological advancements or shifts in industries. Therefore, the statement that structural unemployment is when somebody is between two jobs is incorrect.

The Labour Force Survey is a survey that aims to determine the percentage of the population that is currently employed or actively seeking employment. It collects data on employment status, working hours, and other relevant factors to provide a comprehensive picture of the labor force. Therefore, the statement that the Labour Force Survey identifies the percentage of the population in work is true.

The given answer is false because cyclical unemployment refers to the type of unemployment that occurs due to fluctuations in the business cycle, such as recessions or economic downturns. It is not specifically related to workers being replaced by machines.

Frictional unemployment refers to the temporary unemployment that occurs when individuals are transitioning between jobs. During this period, individuals may be searching for new job opportunities, attending interviews, or waiting for job offers. Therefore, it is correct to say that frictional unemployment is when someone is between jobs.

The statement is true because there are indeed 6 types of unemployment. These include frictional unemployment, structural unemployment, cyclical unemployment, seasonal unemployment, technological unemployment, and voluntary unemployment. Each type of unemployment is caused by different factors and has its own unique characteristics.

The given statement is false. Cyclical unemployment refers to the type of unemployment that occurs due to fluctuations in the business cycle, specifically during periods of economic downturn or recession. It is not related to being undesirable to employers. During these periods, many businesses may experience a decrease in demand for their goods or services, leading to layoffs and unemployment. Therefore, cyclical unemployment is a result of economic conditions rather than personal desirability to employers.

The given statement is false. Lithuania does not have the highest unemployment rate as a percentage of the population in the world. This can be verified by looking at the current unemployment rates of different countries. The correct answer may vary depending on the latest data, but as of now, countries like South Africa, Namibia, and Eswatini have higher unemployment rates compared to Lithuania.