Economics MCQs – Competitive Employment, Migration, And Urbanization MCQs ( Economics ) MCQs
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Latest Economics MCQs
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Latest Employment, Migration, And Urbanization Mcqs ( Economics ) Mcqs
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The Keynesian remedy for unemployment is to ?
A. reduce tax rates or lower interest rates
B. decrease aggregate demand
C. decrease government spending
D. decrease private consumption and investment
Which of the following is not TRUE about rural urban migration ?
A. From 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50
B. In Latin America natural population increase is the major source of urban growth
C. Migration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa
D. The urban share of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003
The theoretical basis for zero marginal productivity of labor was the concept of ?
A. labor force literacy
B. marginal rate of substitution
C. substitution of leisure and work among labor
D. limited technical sustainability of factors
The invisibly underemployed ?
A. are part-time workers who voluntarily work short hours
B. result from an inadequate use of workers capacities
C. are workers who are compelled to work short hours
D. None of the above is correct
Which of the following is not TRUE about unemployed in LDCs ?
A. Unemployment in rural areas is twice that of urban areas
B. The unemployment rate for youths is twice that of people over 24
C. World-wide there are fewer unemployed females than males, but the rate is higher for women
D. The unemployed are relatively well educated
The openly unemployed in LDCs are usually from all of the following except ?
A. the educated
B. persons 15 to 24 years old
C. residents of urban areas
D. from the poorest 1/5 of the population
Which of the following is not capita good ?
B. plant and equipment
D. consumers goods
Entrepreneurship is the ?
A. residual of a production function
B. technique to manage raw materials efficiently
C. resource coordinating other productive resources
D. blueprint on how to manage the labor force
Based on Nafziger and Auvinen’s study high unemployment rates ?
I- represent a vast underutilization of human resources
II- are potential source of social unrest and political discontent
III- are uncomerated with poverty and inequality in LCDs
IV- are associated with middle age rural uneducated males
A. I and II only
B. I, II and III only
C. III and IV only
D. I, II and IV only
Policies to reduce factor price distortion include?
I- Encouraging small-scale industry
II- Decreasing subsidies to capital investors
III- Reducing social security programs and payroll taxation
IV- Setting market-clearing exchange rates
A. II and III only
B. I and II only
C. I, II and III only
D. I, II, III and IV
The simplest explanation based on Lewis’s model for rural-urban migration is ?
A. better infrastructure in urban areas
B. a higher expected income in urban areas
C. That people migrate when urban wages exceed rural wages
D. the availability of labor-intensive jobs in urban areas
According to Harris and Todaro, creating urban jobs by expanding industrial output ?
A. will generate more government revenue through urban wages
B. will generate capital-intensive technologies
C. is insufficient for solving the urban unemployment problem
D. induces government to increase minimum wages
Disguised unemployed is?
A. when marginal revenue productivity of labor is zero
B. the rigid factor proportions in LDC agriculture and industry
C. the same as seasonal unemployment of LDC agricultural
D. due to capital formation and the level of technology remaining constant.
During the Great Depression workers in DCs who took inferior jobs as a result of being laid off were known as ?
A. disguised unemployed
B. seasonally unemployed
C. cyclical unemployed
D. voluntarily unemployed
The unemployment rate is the ?
A. employed plus unemployed divided by labor force
B. labor force divided by population
C. total employment divided by population
D. unemployed divided by employed
Labor skills are a major component of ?
B. population quality
In a production function Y = F(L, K,N,E,T) Y is ?
A. national product
B. natural resources
D. prevailing technology
A production function ?
A. states the relationship between products and income distribution
B. depicts the relationship between input and output
C. shows the dependency output of the working population
D. is a function of natural resources in a country