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
Related Mcqs:
- Different workers or group of workers separate the production works and trade into__________processes. What this separation is called?
A. Divided Labor
B. Closed shop
C. Division of Labor
D. Open shop - If the total product of two workers is 80 and the total product of 3 workers is 90 then the average product of the third worker is ________ and the marginal product of the third worker is _________?
A. 160; 270
B. 10; 30
C. 10; 3.33
D. 30; 10 - Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?
A. have skills that are in relatively scarce supply
B. produce output for which there is great demand
C. usually have little capital with which to work
D. are usually highly paid - Economists have hypothesized that the widening gap between the wages of unskilled workers and skilled workers may be due to ?
A. decrease in the demand for unskilled workers because of increases in technology and increases in international trade
B. increase in the number of unskilled workers available due to immigration into the UK.
C. decrease in the demand for unskilled workers are more poorly educated
D. increase in the number of unskilled workers available because workers are more poorly educated - Which of the following help explain why firms pay bonuses to workers during particularly profitable years to prevent workers from becoming disgruntled ?
A. people are rational maximizers
B. People are reluctant to change their minds
C. People are inconsistent over time
D. People care about fairness - 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. - 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 - How much of the total potential labour force is unemployed ?
A. 2.42 million
B. 2.82 million
C. 2.76 million
D. 2.65 million - An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?
A. the Rs500 weekly salary that he has forgone to search for another job
B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search
C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone
D. Rs0, since he is currently unemployed - The openly unemployed in LDCs are usually from all of the following except ?
A. persons 15 to 24 years old
B. the educated
C. residents of urban areas
D. from the poorest 1/5 of the population
