Question

Read the following statements – Assertion (A) and Reason (R). Choose the correct option given below:
Assertion (A): Full employment situation refers to the absence of involuntary unemployment.
Reason (R): Under full employment situation, all the willing and able-bodied people get employment at the prevailing wage rate.

• A. Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of Assertion (A).
• B. Both Assertion (A) and Reason (R) are true, but Reason (R) is \textbf{not} the correct explanation of Assertion (A).
• C. Assertion (A) is true, but Reason (R) is false.
• D. Assertion (A) is false, but Reason (R) is true.

Hint:

In assertion and reason questions, carefully analyze whether the reason directly supports the assertion or simply states a related fact.

Answer 1

The Correct Option is A

Full employment signifies a state characterized by the absence of involuntary unemployment, where all individuals seeking employment at prevailing wage rates are successfully hired. The provided rationale accurately substantiates the claim, aligning with the economic definition of full employment. Consequently, both the assertion and the reason are validated, with the reason serving as an appropriate support for the assertion.