The openly unemployed in LDCs are usually from all of the following except ?

Related Mcqs:

1. 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

2. Central banks in LDCs generally have less effect on expenditure and output than in LDCs because of ?

   I- an externally dependent banking system
   II- a poorly developed securities market
   III- a low percentage of demand deposits divided by the total money supply
   IV- the relative insensitivity of investment and employment to monetary policies

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II , III and IV

3. 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

4. Which of the following statement is not true about LDCs ?

   A. Most LDCs have less than 1/10 the per capita GNP of the U.S
   B. A greater share of GNP would have to be devoted to education to attain the same primary enrollment rates as in the U.S
   C. Setting up western labor standard and minimum wages in labor-abundant LDCs is sensible
   D. Most LDCs have a greater shortage of qualified teachers than the U.S does

5. Which of the following is not true about most farmers in LDCs ?

   A. The staple crop is the chief sources of food
   B. labor is underutilized except for planting and harvesting seasons
   C. On the traditional farm, output is always greater than consumption
   D. cultivators farm only as much land as their

6. Which of the following is Not True about education in LDCs ?

   A. Public expenditure per student for higher education is about ten times as high as for primary education
   B. The expansion of primary education redistributes benefits from the rich to the poor
   C. Economists unanimously agree that LDCs should put greater priority on primary education
   D. Boys are sent to schools far more often than girls

7. Which of the following is True is LDCs ?

   A. Labor is often underemployed, having a low alternative cost
   B. It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
   C. Adapting existing Western technology to LDC conditions requires little creativity
   D. Labor is usually considered the scarce factor

8. Disguised unemployed is?

   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.

9. 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

10. Why has the growth of the German and Japanese economies after World War|| not been repeated in LDCs ?

    A. low interest rates
    B. political instability inhibits world-wide investment
    C. human capital or technical skills were lacking
    D. real domestic currency depreciation exists