II.IDENTIFICATION. Identify the following terms in each statement. Write your answer in the space
provided.
1. A condition where people's basic need for foods, clothing, and shelter are not
being met.
2. It refers to persons in the labor force who are reported as without work and currently
available for work.
3. It is a type of employment caused by economic recession or expansion.
4. It is an employment due to people moving between jobs because of the many
factors.
5.It is a report conducted by Philippine Statistics Authority about the poverty incidence
of the country.
6. Defined as the abuse of public power for private benefit
7.It is the Impact of economic recession or expansion on the total unemployment rate.
8. Describe a situation when workers experience unemployment at certain times of the
year.
9. It is transitional unemployment due to people moving between jobs because of the
many factors.
10. This happens when there is a long-term decline in demand in an industry leading to
fewer jobs as demand for labor falls away.​