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

Related Mcqs:

1. 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

2. 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

3. 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

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. 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

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. 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. 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