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.
Related Mcqs:
- 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 - Which of the following is not TRUE about unemployed in LDCs ?
A. The unemployment rate for youths is twice that of people over 24
B. Unemployment in rural areas is twice that of urban areas
C. World-wide there are fewer unemployed females than males, but the rate is higher for women
D. The unemployed are relatively well educated - 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 - 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 - 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 - 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 - 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 - 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. - 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 - 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
