The Increase in Unemployment That Occurs During Recessions Is Called

question 27

Multiple Choice

The increase in unemployment that occurs during recessions is called:

• A) structural unemployment
• B) cyclical unemployment
• C) frictional unemployment
• D) normal unemployment

Differentiate between the 'foot-in-the-door' and 'door-in-the-face' techniques and their application in campaigns.

Comprehend how balance theory explains the influence of relationships on attitude changes.

Recognize the distinction between behavioural intentions and actual behaviours in the context of the extended Fishbein model.

Understand the role of descriptive and injunctive norms in shaping consumer behaviour.

---

Definitions:

Technological Knowledge

Society’s understanding of the best ways to produce goods and services.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can be used to create economic value.

Diminishing Returns

An economic principle stating that as investment in a particular area increases, the rate of profit from that investment, after a certain point, cannot continue to increase if other variables remain constant.

Catch-Up Effect

The theory that poorer economies will tend to grow at faster rates than wealthier ones, allowing them to catch up in terms of income and other economic measures.