CATEGORY 1
What cause of unemployment happens when workers' skills do not match employers' needs?
Skill Mismatch
Families struggle to pay for basic needs because of unemployment.
Lower Household Income
What should be improved to help workers gain industry-relevant skills?
Education and Skills Training
Unemployment only affects the unemployed person.
False
Ronald graduated from college but cannot find a job because companies require technical skills he does not have.
Skill Mismatch
What happens when the workforce grows faster than available jobs?
Rapid Population Growth
More people become unable to meet their basic needs.
Increased Poverty
Supporting what type of businesses can create more jobs?
Small Business/ Medium Entreprenuer
Brain drain can cause a shortage of skilled workers.
True
Venice lost her job after a company reduced its workforce during an economic crisis
Economic Slowdown
Businesses create fewer jobs when there is limited ____ and investment.
Expansion
People buy fewer goods and services.
Reduced Consumer Spending
More local and foreign ____ can generate employment.
Investments
MSMEs help create employment opportunities. Answer: True
True
A farming community has jobs only during planting and harvesting seasons. Many workers are unemployed during the rest of the year.
Seasonal Employment
Inflation and financial crises are examples of what cause of unemployment?
Economic Slowdowns
The economy grows more slowly because workers are not fully utilized.
Slower Economic Growth
What program connects job seekers and employers?
Job Matching Programs
Job matching programs increase unemployment.
False
Trisha, a nurse, moved to another country because of higher pay and better career opportunities.
Brain Drain
Agriculture and tourism often experience this type of employment.
Seasonal Employment
Skilled workers leave the country to work abroad.
Brain Drain
Developing local industries and ____ can create more jobs in regions.
Agriculture
Seasonal employment provides stable year-round jobs.
False
A city has many unemployed residents. The government responds by offering skills training, supporting small businesses, and attracting investors. What problem are they trying to solve?