The labour force can be defined as ?

A. Those who could claim benefit if they were to become unemployed.
B. The population between school leaving age and retirement age.
C. anyone who is working or actively seeking work
D. Those of working age who are seeking work and are available to for work at current wage rates.

Related Mcqs:

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
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
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
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
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.
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
In which sector the largest labour force is attached in Pakistan ?
A. Industry
B. Agriculture
C. Trade
D. Mines
Refer to Figure 1. The labour force participation rate is ?
A. 47.1 Percent
B. 65.9 Percent
C. 50.2 Percent
D. 70.2 Percent
The participation rate in the labour force is affected by ?
A. higher real wages
B. lower fixed costs of working
C. lower non-labour income
D. changes in tastes between leisure and work
E. all of the above
Unemployment resulting from imperfect information in the labour market is called ____ unemployment?
A. Frictional
B. natural
C. real-wage
D. disequilibrium