| 1. Open Unemployment: It refers to an unemployment that occurs at certain seasons of the years. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of soil, the type and numbers of crops grown, etc. |
| 2. Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other. |
| 3. Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. |
| It is the most common type of unemployment in the developed capitalist economies. |
A) 1 only
B) 2 only
C) 3 only
D) 2 and 1
Correct Answer: A
Solution :
Seasonal Unemployment: It refers to an unemployment that occurs at certain seasons of the years. The period of such unemployment varies from state to state, depending upon the methods of farming, the condition of soil, the type and numbers of crops grown, etc. Frictional Unemployment: It refers to temporary unemployment that exists during the period, wherein workers leave one job and join some other. Cyclical Unemployment: It is associated with the downswing and depression phases 9 business cycle. It is the most common type of unemployment in the developed capitalist economies.
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