How much of the total potential labour force is unemployed ?

Related Mcqs:

1. The percentage of the labour force that is unemployed is the ?

   A. Unemployment population ratio.
   B. Unemployment rate
   C. employment rate
   D. Labour force rate.

2. In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?

   A. total labour cost
   B. the marginal product
   C. the price of the product
   D. the wage rate

3. The percentage of the labor force that is unemployed is the ?

   A. unemployment rate
   B. labor force rate
   C. employment rate
   D. unemployment population ratio

4. In a perfectly competitive labour market firms are wage takers and the marginal cost of labour equals?

   A. The average cost of labour
   B. The marginal product
   C. The marginal revenue
   D. The total cost of labour

5. The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?

   A. MPL + PX
   B. (MPL) (PX)
   C. PX/MPL
   D. MPL/PX

6. The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

   A. increase; increase
   B. increase; reduce
   C. reduce; reduce
   D. reduce; increase

7. Which of the following is indicated by the term unemployed ?

   A. Employed only part time when one needs full time employment
   B. Inadequately employed
   C. Note fully used or employed
   D. All of them

8. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning used was that this would ?

   A. reduce poverty
   B. reduce unemployment
   C. weaken the power of trade unions
   D. help small businesses

9. New classical economists advocate reducing welfare payments to people who are unemployed or single parents. The economic reasoning uses was that this would ?

   A. reduce poverty
   B. reduce unemployment
   C. weaken the power of trade unions
   D. help small businesses

10. Classifying discouraged workers as unemployed would ?

    A. not change the unemployment rate
    B. decrease the unemployment rate
    C. increase the unemployment rate
    D. have an indeterminate impact on the unemployment rate