Economics Mcqs

A. persons 15 to 24 years old
B. the educated
C. residents of urban areas
D. from the poorest 1/5 of the population

A. plant and equipment
B. buildings
C. inventories
D. consumers goods

A. technique to manage raw materials efficiently
B. residual of a production function
C. resource coordinating other productive resources
D. blueprint on how to manage the labor force

I- represent a vast underutilization of human resources
II- are potential source of social unrest and political discontent
III- are uncomerated with poverty and inequality in LCDs
IV- are associated with middle age rural uneducated males
A. I and II only
B. III and IV only
C. I, II and III only
D. I, II and IV only

I- Encouraging small-scale industry
II- Decreasing subsidies to capital investors
III- Reducing social security programs and payroll taxation
IV- Setting market-clearing exchange rates
A. I and II only
B. II and III only
C. I, II and III only
D. I, II, III and IV

A. That people migrate when urban wages exceed rural wages
B. a higher expected income in urban areas
C. better infrastructure in urban areas
D. the availability of labor-intensive jobs in urban areas

A. is insufficient for solving the urban unemployment problem
B. will generate capital-intensive technologies
C. will generate more government revenue through urban wages
D. induces government to increase minimum wages

A. when marginal revenue productivity of labor is zero
B. the same as seasonal unemployment of LDC agricultural
C. the rigid factor proportions in LDC agriculture and industry
D. due to capital formation and the level of technology remaining constant.

A. disguised unemployed
B. cyclical unemployed
C. seasonally unemployed
D. voluntarily unemployed

A. employed plus unemployed divided by labor force
B. total employment divided by population
C. labor force divided by population
D. unemployed divided by employed