Refer to Figure 1 The labour fouce is ?
A. 134.0 million
B. None of theses answers
C. 92.3 million
D. 98.0 million
Economics Mcqs
The amount of unemployment that the economy normally experiences is known as ?
The amount of unemployment that the economy normally experiences is known as ?
A. The natural rate of unemployment
B. cyclical unemployment
C. efficiency wage unemployment
D. frictional unemployment
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?
Less demand in the economy may increase unemployment; this may lead to less spending which may reduce demand further. This is called ?
A. The upward accelerator
B. The downward multiplier
C. The upward PPF
D. The downward mpc
Which of the following is not a supply side measure ?
Which of the following is not a supply side measure ?
A. Increased training
B. Providing more information
C. Helg individuals to move location to find work
D. Increasing spending on existing industries
If there is cyclical unemployment in the economy the government might ?
If there is cyclical unemployment in the economy the government might ?
A. Increase interest rates
B. Encourage savings
C. Cut taxes
D. Reduce government spending
The natural rate of unemployment is likely to fall if ?
The natural rate of unemployment is likely to fall if ?
A. unemployment benefits increase
B. Income tax increases
C. More training is available for the unemployed
D. Geographical immobility increases
If people are made unemployed because of a fall in aggregate demand this is known as ?
If people are made unemployed because of a fall in aggregate demand this is known as ?
A. Frictional unemployment
B. Seasonal unemployment
C. Cyclical unemployment
D. Structural unemployment
If employees cannot accept a job because of the costs of moving this is known as ?
If employees cannot accept a job because of the costs of moving this is known as ?
A. Occupational immobility
B. Cyclical unemployment
C. Structural immobility
D. Geographical immobility
A profit maximising firm will employ labour up to the point where ?
A profit maximising firm will employ labour up to the point where ?
A. Marginal revenue = marginal product
B. Marginal cost = marginal product
C. Marginal revenue product = average cost of labour
D. Marginal revenue product = marginal cost of labour
The Marginal Revenue Product is ?
The Marginal Revenue Product is ?
A. Upward slog due to the law of demand
B. Upward slog due to the law of marginal utility
C. Downward slog due to the law of diminishing returns
D. Downward slog due to the law of supply