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What does involuntary unemployment indicate about the labour market problem?
A
The problem is a surplus of jobs or demand, not workers’ willingness to work.
B
The problem is a lack of willingness to work, not available jobs or demand.
C
The problem is a shortage of jobs or demand, not workers’ willingness to work.
D
The problem is a shortage of workers or skills, not firms’ willingness to hire.
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9.3.3 voluntary and involuntary unemployment Flashcards
20 flashcards on CIE Intl A Level Economics 9.3.3 voluntary and involuntary unemployment: the key terms and definitions you need to recall.