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Question : 12
Total: 49
Read the following statements - Assertion (A) and Reason (R). Choose one of the correct alternatives given below:
Assertion (A): Full employment refers to, absence of involuntary unemployment.
Reason (R): Under full employment situation, all willing and able bodied people get employment at prevailing wage rate.
Assertion (A): Full employment refers to, absence of involuntary unemployment.
Reason (R): Under full employment situation, all willing and able bodied people get employment at prevailing wage rate.
Solution:
(d) Assertion (A) is false, but Reason (R) is true.
Explanation:
(i) At full employment, there always exists some unemployment. It is natural to have some unemployment such as frictional and structural unemployment in an economy.
(ii) Under full employment, all human resources who are able and willing to work at prevailing wage rate get employment.
Explanation:
(i) At full employment, there always exists some unemployment. It is natural to have some unemployment such as frictional and structural unemployment in an economy.
(ii) Under full employment, all human resources who are able and willing to work at prevailing wage rate get employment.
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