Economics - Labour Market
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This is the MCQs of Economics
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Question 1 of 39
1. Question
An increase in the wage rate:
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Question 2 of 39
2. Question
The Marginal Revenue Product is likely to be wage inelastic if:
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Question 3 of 39
3. Question
A fall in demand for labour is likely to lead to:
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Question 4 of 39
4. Question
A decrease in the supply of labour is likely to lead to:
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Question 5 of 39
5. Question
The Marginal Revenue Product is:
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Question 6 of 39
6. Question
Demand for labour is more likely to be wage inelastic if:
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Question 7 of 39
7. Question
A profit maximising firm will employ labour up to the point where:
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Question 8 of 39
8. Question
In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals
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Question 9 of 39
9. Question
If employees cannot accept a job because of the costs of moving this is known as:
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Question 10 of 39
10. Question
If the minimum wage is set above the equilibrium wage rate, then other thing unchanged:
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Question 11 of 39
11. Question
If people are made unemployed because of a fall in aggregate demand this is known as:
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Question 12 of 39
12. Question
Supply side policies are most appropriate to cure:
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Question 13 of 39
13. Question
The natural rate of unemployment is likely to fall if:
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Question 14 of 39
14. Question
If the real wage is too high in the labour market:
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Question 15 of 39
15. Question
If there is cyclical unemployment in the economy the government might:
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Question 16 of 39
16. Question
Occupational immobility of labour occurs if:
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Question 17 of 39
17. Question
Which of the following is not a supply side measure?
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Question 18 of 39
18. Question
Reducing involuntary unemployment:
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Question 19 of 39
19. Question
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called:
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Question 20 of 39
20. Question
TO reduce cyclical unemployment the government might:
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Question 21 of 39
21. Question
The amount of unemployment that the economy normally experiences is known as:
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Question 22 of 39
22. Question
According to the Office of National Statistics UK, a husband who chooses to stay home and take care of household is:
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Question 23 of 39
23. Question
Refer to Figure 1 The labour fouce is:
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Question 24 of 39
24. Question
Refer to Figure 1. The unemployment rate is:
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Question 25 of 39
25. Question
Refer to Figure 1. The labour force participation rate is:
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Question 26 of 39
26. Question
A miner who has been unable to find work for so long that he has stopped looking for work is considered to be
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Question 27 of 39
27. Question
A minimum wage law tends to:
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Question 28 of 39
28. Question
Which one of the following types of Unemployment results from the wage being held above the competitive equilibrium wage?
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Question 29 of 39
29. Question
If, for any reason the wage is held above the competitive equilibrium wage,
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Question 30 of 39
30. Question
A reservation wage is the:
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Question 31 of 39
31. Question
Which of the following government policies would fail to lower the unemployment rate?
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Question 32 of 39
32. Question
Sector shifts tend to raise which type of unemployment?
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Question 33 of 39
33. Question
Which of the following is an example of a reason why firms might pay efficiency wages?
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Question 34 of 39
34. Question
Some frictional Unemployment is inevitable because
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Question 35 of 39
35. Question
Union might increase efficiency in the case Where they:
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Question 36 of 39
36. Question
Which of the following statements about efficiency wage theory is true?
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Question 37 of 39
37. Question
Unions tend to increase the disparity in pay between insiders and outsiders by
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Question 38 of 39
38. Question
Which of the following types of unemployment will exist even if the wage is at the competitive equilibrium?
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Question 39 of 39
39. Question
IF Unemployment insurance were so generous that it paid laid off workers 95 percent of their regular salary
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