Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called (a) Real wage unemployment ; (b) Deficient-demand unemployment ; (c) Frictional unemployment ; (d) Structural Unemployment

Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called (a) Real wage unemployment ; (b) Deficient-demand unemployment ; (c) Frictional unemployment ; (d) Structural Unemployment
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Answer :

(d) Structural Unemployment
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Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the demand for labor is called: A. Real wage unemployment B. Deficient-demand unemployment C. Frictional unemployment D. Structural Unemployment

Description : Unemployment that is caused by a mismatch between the composition of the labor force (in terms of skills, occupation, industries, or geographic location) and the make-up of the ... . Real wage unemployment B. Deficient-demand unemployment C. Frictional unemployment D. Structural Unemployment

Last Answer : D. Structural Unemployment

Unemployment due to mismatch between skill possessed and present available jobs (a) Cyclical unemployment (b) Structural unemployment ; (c) Frictional unemployment; (d) Seasonal unemployment

Description : Unemployment due to mismatch between skill possessed and present available jobs (a) Cyclical unemployment (b) Structural unemployment ; (c) Frictional unemployment; (d) Seasonal unemployment 

Last Answer : (b) Structural unemployment ;

If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called (a) Frictional unemployment ; (b) Structural unemployment; (c) Disguised unemployment ; (d) Demand pull unemployment.

Description : If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called (a) Frictional unemployment ; (b) Structural unemployment; (c) Disguised unemployment ; (d) Demand pull unemployment.

Last Answer : (a) Frictional unemployment ;

Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as (a) Frictional unemployment ; (b) Structural unemployment ; (c) Cyclical unemployment ; (d) Demand pull unemployment.

Description : Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as (a) Frictional unemployment ; (b) Structural unemployment ; (c) Cyclical unemployment ; (d) Demand pull unemployment.

Last Answer : (b) Structural unemployment

Unemployment that arises when there is a general downturn in business activity is known as (a) Frictional unemployment ; (b) Structural unemployment; (c) Cyclical unemployment ; (d) Disguised unemployment

Description : Unemployment that arises when there is a general downturn in business activity is known as (a) Frictional unemployment ; (b) Structural unemployment; (c) Cyclical unemployment ; (d) Disguised unemployment 

Last Answer : (c) Cyclical unemployment ;

Natural rate of unemployment increases due to (a) General downturn in business activity ; (b) Changes in labor market ; (c) Structural changes in economy ; (d) Frequent changes of jobs by labor

Description : Natural rate of unemployment increases due to (a) General downturn in business activity ; (b) Changes in labor market ; (c) Structural changes in economy ; (d) Frequent changes of jobs by labor

Last Answer : (d) Frequent changes of jobs by labor

Full employment exists when there is (a) Zero unemployment ; (b) Natural rate of unemployment ; (c) Least demand for labor (d) Least supply of labor

Description : Full employment exists when there is (a) Zero unemployment ; (b) Natural rate of unemployment ; (c) Least demand for labor (d) Least supply of labor

Last Answer : (b) Natural rate of unemployment

Full employment is the level at which there is (a) Zero unemployment ; (b) Normal rate of unemployment; (c) Lease supply of labor ; (d) Demand for goods is less than supply.

Description : Full employment is the level at which there is (a) Zero unemployment ; (b) Normal rate of unemployment; (c) Lease supply of labor ; (d) Demand for goods is less than supply.

Last Answer : (c) Lease supply of labor ;

Cost push inflation arises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in price of precious metal

Description : Cost push inflation arises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in price of precious metal

Last Answer : (a) Persistent rise in factor cost ;

Demand pull inflation rises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in Price of precious metal

Description : Demand pull inflation rises due to (a) Persistent rise in factor cost ; (b) Mismatch between demand and supply of commodities (c) Combine phenomena of demand pull and cost-push inflation. ; (d) Increase in Price of precious metal

Last Answer : ; (b) Mismatch between demand and supply of commodities

In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the family with no additional increase in farm output. This type of unemployment is known as (a) Cyclical unemployment ; (b) Disguised unemployment ; (c) Frictional unemployment (d) Seasonal unemployment

Description : In an agricultural family all the family members are working the farmland of the family. Due to addition of two more person in the family they are also working in the farmland of the ... (a) Cyclical unemployment ; (b) Disguised unemployment ; (c) Frictional unemployment (d) Seasonal unemployment

Last Answer :  (b) Disguised unemployment ;

The type of unemployment that includes those persons who are unemployed for an intervening period of change over in job for better job is known as (a) Seasonal unemployment ; (b) Voluntary unemployment ; (c)Frictional unemployment (d) Technical unemployment

Description : The type of unemployment that includes those persons who are unemployed for an intervening period of change over in job for better job is known as (a) Seasonal unemployment ; (b) Voluntary unemployment ; (c)Frictional unemployment (d) Technical unemployment

Last Answer : (c)Frictional unemployment 

Which of the following is a cause of frictional unemployment? (a) Non-availability of work due to strike and lock-out. (b) Temporary unemployment due to change over in jo(b) ; (c) Both ; (d) None

Description : Which of the following is a cause of frictional unemployment? (a) Non-availability of work due to strike and lock-out. (b) Temporary unemployment due to change over in jo(b) ; (c) Both ; (d) None

Last Answer : (c) Both ;

If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called: A. Frictional unemployment B. Structural unemployment C. Disguised unemployment D. Demand pull unemployment.

Description : If the available workers are unaware of the jobs being offered and the employers are not aware of the available workers, such type on unemployment is called: A. Frictional unemployment B. Structural unemployment C. Disguised unemployment D. Demand pull unemployment.

Last Answer : A. Frictional unemployment

Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Demand pull unemployment

Description : Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Demand pull unemployment

Last Answer : B. Structural unemployment

Match List-I (Type of Unemployment) with List-II (Characteristics) and select the correct answer using the codes given below: L ist-I L ist -I I (Type of (Char acter ist ics) Unem ployment ) A. Seasonal I. Occurs during boom or recession in the economy B. Frictional II. An absence of demand for a certain type of workers C. Disguised III. Occurs when moving from one job to another D. Structural IV. Actual contribution by the additional labour is nil E. Cyclical V. Job opportunities during certain months in the year

Description : Match List-I (Type of Unemployment) with List-II (Characteristics) and select the correct answer using the codes given below: L ist-I L ist -I I (Type of (Char acter ist ics) Unem ... contribution by the additional labour is nil E. Cyclical V. Job opportunities during certain months in the year

Last Answer : (1) A-V, B-III, C-IV, D-II, E-I

The Philips curve shows that (a) High unemployment rates are associated with low increases in money wage rates (b) Low unemployment rates are associated with low rates of inflation (c) High unemployment rates are associated with low rates of inflation (d) High inflation rates are associated with small increases in money wage rates.

Description : The Philips curve shows that (a) High unemployment rates are associated with low increases in money wage rates (b) Low unemployment rates are associated with low rates of inflation (c) High ... rates of inflation (d) High inflation rates are associated with small increases in money wage rates.

Last Answer : (c) High unemployment rates are associated with low rates of inflation  

Disguised unemployment means (a) Unemployment in agriculture ; (b) Unemployment due to recession ;(c) Unemployment due to downturn in business activity ; (d) Marginal Productivity of Labor (MPL) is zero.

Description : Disguised unemployment means (a) Unemployment in agriculture ; (b) Unemployment due to recession ;(c) Unemployment due to downturn in business activity ; (d) Marginal Productivity of Labor (MPL) is zero.

Last Answer : ;(c) Unemployment due to downturn in business activity ;

Structural unemployment is mainly due to (a) Structural changes in the economy ; (b) Technological development (c) Growth in GDP ; (d) Population explosion.

Description : Structural unemployment is mainly due to (a) Structural changes in the economy ; (b) Technological development (c) Growth in GDP ; (d) Population explosion.

Last Answer : (a) Structural changes in the economy ;

Disguised unemployment is mainly due to (a) Under employment ; (b) Seasonal nature of work ; (c) Strike and lock-out ; (d) Structural changes in the economy

Description : Disguised unemployment is mainly due to (a) Under employment ; (b) Seasonal nature of work ; (c) Strike and lock-out ; (d) Structural changes in the economy

Last Answer : (a) Under employment ;

Frictional Unemployment and Structural Unemployment.

Description : Frictional Unemployment and Structural Unemployment.

Last Answer : Distinguish Between: Frictional Unemployment and Structural Unemployment.

Unemployment that arises when there is a general downturn in business activity is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Disguised unemployment

Description : Unemployment that arises when there is a general downturn in business activity is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Disguised unemployment

Last Answer : C. Cyclical unemployment

Disguised unemployment is mainly found in (a) Urban areas ; (b) Rural areas ; (c) Small scale sector ; (d) Highly qualified work force

Description : Disguised unemployment is mainly found in (a) Urban areas ; (b) Rural areas ; (c) Small scale sector ; (d) Highly qualified work force

Last Answer :  (b) Rural areas ;

During the recessionary phase of a business cycle (a) The natural rate of unemployment will increase dramatically (b) Potential national income will exceed actual national income (c) Actual national income will exceed potential national income (d) The real rate of interest will exceed the nominal rate of interest.

Description : During the recessionary phase of a business cycle (a) The natural rate of unemployment will increase dramatically (b) Potential national income will exceed actual national income (c) Actual national income ... national income (d) The real rate of interest will exceed the nominal rate of interest.

Last Answer : (a) The natural rate of unemployment will increase dramatically  

Family life cycle is most likely to be based on: A)buying power and gender B)geographic location and family size C)marital status and age of children D)occupation and marital status

Description : Family life cycle is most likely to be based on: A)buying power and gender B)geographic location and family size C)marital status and age of children D)occupation and marital status

Last Answer : C)marital status and age of children

Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor

Description : Natural rate of unemployment increases due to A. General downturn in business activity B. Changes in labor market C. Structural changes in economy D. Frequent changes of jobs by labor

Last Answer : D. Frequent changes of jobs by labor

An increase in price will result in no change in total revenue if (a) Percentage change in price equal the percentage change in price (b) Percentage change in demanded is more than the percentage change in price (c) Percentage change in price is less than percentage change in demand (d) Change in price is more than change in demand in absolute terms

Description : An increase in price will result in no change in total revenue if (a) Percentage change in price equal the percentage change in price (b) Percentage change in demanded is more than the percentage ... percentage change in demand (d) Change in price is more than change in demand in absolute terms

Last Answer : (a) Percentage change in price equal the percentage change in price 

According to Modern approach, law of demand is caused by (a) Income effect ; (b) Substitution effect ; (c) Both ; (d) None

Description : According to Modern approach, law of demand is caused by (a) Income effect ; (b) Substitution effect ; (c) Both ; (d) None

Last Answer : (c) Both ;

Which of these would lead to fall in demand for money? (a) Inflation ; (b) Increase in real income ; (c) Increase in real rate of interest ; (d) Increase in wealth

Description : Which of these would lead to fall in demand for money? (a) Inflation ; (b) Increase in real income ; (c) Increase in real rate of interest ; (d) Increase in wealth

Last Answer : (c) Increase in real rate of interest ;

Which of these affects the demand for money? (a) Real income ; (b) Price level ; (c) Rate of interest ; (d) All the three

Description : Which of these affects the demand for money? (a) Real income ; (b) Price level ; (c) Rate of interest ; (d) All the three

Last Answer :  (d) All the three

Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Description : Burns and Stalker model for categorising organisations by structural design uses the terms– (A) Functional and geographic (B) Functional and organic (C) Geographic and mechanistic (D) Mechanistic and organic.

Last Answer : Answer: Functional and organic

3. The demand for labor is the same as the a. marginal revenue product b. marginal physical product c. marginal cost d. wage

Description : 3. The demand for labor is the same as the a. marginal revenue product b. marginal physical product c. marginal cost d. wage

Last Answer : a. marginal revenue product

Which of these is/are the feature of an underdeveloped economy? (a) Greater inequalities ; (b) High incidence of unemployment ; (c) Orthodox means of production ; (d) All the three

Description : Which of these is/are the feature of an underdeveloped economy? (a) Greater inequalities ; (b) High incidence of unemployment ; (c) Orthodox means of production ; (d) All the three

Last Answer :  (d) All the three 

Which of these measures would not reduce natural rate of unemployment? (a) Creation of more jobs ; (b) Reducing the age of superannuation (c) Hike in unemployment allowance ; (d) Employment oriented education system

Description : Which of these measures would not reduce natural rate of unemployment? (a) Creation of more jobs ; (b) Reducing the age of superannuation (c) Hike in unemployment allowance ; (d) Employment oriented education system

Last Answer : (c) Hike in unemployment allowance ;

Which of the following is not a cause of unemployment in India? (a) Growing population ; (b) Lack of employment opportunity ; (c)Inappropriate education system ; (d) Liberalization

Description : Which of the following is not a cause of unemployment in India? (a) Growing population ; (b) Lack of employment opportunity ; (c)Inappropriate education system ; (d) Liberalization

Last Answer : (d) Liberalization

Disguised unemployment refers to the situation when (a) Marginal Productivity of the surplus workers is zero (b) Marginal productivity of the surplus workers is less than average productivity (c) Marginal productivity of the surplus workers is falling sharply (d) Marginal productivity of the surplus workers is falling sharply

Description : Disguised unemployment refers to the situation when (a) Marginal Productivity of the surplus workers is zero (b) Marginal productivity of the surplus workers is less than average productivity ( ... surplus workers is falling sharply (d) Marginal productivity of the surplus workers is falling sharply

Last Answer : (a) Marginal Productivity of the surplus workers is zero

Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP

Description : Manipulation in CRR enables the RBI to ……. (a) Influence the lending ability of the commercial banks ; (b) Check unemployment growth; (c) Check poverty ; (d) Increase GDP

Last Answer : (a) Influence the lending ability of the commercial banks ;

Which of these is / are a transfer payments(s)? (a) Pension ; (b) Scholarship ; (d) Unemployment allowance ; (d) All the three

Description : Which of these is / are a transfer payments(s)? (a) Pension ; (b) Scholarship ; (d) Unemployment allowance ; (d) All the three

Last Answer :  (d) All the three

In which sector of Indian economy will we find a high rate of disguised unemployment? (a) Service sector. ; (b) Agriculture sector. ; (c) Manufacture sector. ; (d) Mining sector.

Description : In which sector of Indian economy will we find a high rate of disguised unemployment? (a) Service sector. ; (b) Agriculture sector. ; (c) Manufacture sector. ; (d) Mining sector. 

Last Answer :  (b) Agriculture sector.

If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.

Description : If the actual rate of unemployment exceeds to natural rate of unemployment then (a) Actual output of the economy will fall below its potential ; (b) Production will increase more than potential ; (c) Consumption of goods decreases; (d) Both (a) and (c) above.

Last Answer : (d) Both (a) and (c) above.

Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Description : Nominal GDP is (a) The total value of goods and services net of exports (b) The total value of goods and services produced during periods of low unemployment (c) The total value of goods and services measured at current prices (d) The total value of goods and services produced at full employment.

Last Answer : (c) The total value of goods and services measured at current prices

Macroeconomics is the study of (a) Inflation ; (b) Unemployment ; (c) Growth ; (d) All of (a), (b) and (c) above.

Description : Macroeconomics is the study of (a) Inflation ; (b) Unemployment ; (c) Growth ; (d) All of (a), (b) and (c) above.

Last Answer : ; (d) All of (a), (b) and (c) above.

Full employment is the level at which there is A. Zero unemployment B. Normal rate of unemployment C. Less supply of labor D. Demand for goods is less than supply.

Description : Full employment is the level at which there is A. Zero unemployment B. Normal rate of unemployment C. Less supply of labor D. Demand for goods is less than supply.

Last Answer : C. Less supply of labor

In terms of the geographic theme of location versus place, place differs from location in that it focuses more on?

Description : In terms of the geographic theme of location versus place, place differs from location in that it focuses more on?

Last Answer : how people experience it firsthand.

The minimum price that a supplier expect to make available a specific quantity for sale is called (a) Demand price ; (b) Administered price ; (c) Cost price ; (d) Supply price

Description : The minimum price that a supplier expect to make available a specific quantity for sale is called (a) Demand price ; (b) Administered price ; (c) Cost price ; (d) Supply price

Last Answer :  (d) Supply price

Increase in price of a product reduces the purchasing power as a result of which demand for a product goes up. This effect is known as (a) Substitution effect ; (b) Income effect ; (c) Diminishing marginal utility concept (d)Law of diminishing returns

Description : Increase in price of a product reduces the purchasing power as a result of which demand for a product goes up. This effect is known as (a) Substitution effect ; (b) Income effect ; (c) Diminishing marginal utility concept (d)Law of diminishing returns

Last Answer : ; (b) Income effect ;

The …………….. price that a customer is willing to pay for a given quantity is called demand price (a) Maximum ; (b) Minimum ; (c) Bargained ; (d) Floor

Description : The …………….. price that a customer is willing to pay for a given quantity is called demand price (a) Maximum ; (b) Minimum ; (c) Bargained ; (d) Floor

Last Answer : (a) Maximum 

If supply and demand both shift outward, but demand shifts outward more than supply, the equilibrium price (a) will increase and quantity will increase ; (b) will increase and quantity will decrease; (c) will decrease and quantity will decrease ; (d) will decrease and quantity will increase

Description : If supply and demand both shift outward, but demand shifts outward more than supply, the equilibrium price (a) will increase and quantity will increase ; (b) will increase and quantity will decrease; (c) will decrease and quantity will decrease ; (d) will decrease and quantity will increase

Last Answer : (a) will increase and quantity will increase ;

An improvement in technology would shift (a) the demand curve inward ; (b) the demand curve outward ; (c) the supply curve inward (d) the supply curve outward

Description : An improvement in technology would shift (a) the demand curve inward ; (b) the demand curve outward ; (c) the supply curve inward (d) the supply curve outward

Last Answer : (d) the supply curve outward

The price of Ford automobiles increases and the price of Chevrolets remains constant, the demand for Chevrolets will (a) increase ; (b) decrease ; (c) decrease then increase ; (d) increase then decrease

Description : The price of Ford automobiles increases and the price of Chevrolets remains constant, the demand for Chevrolets will (a) increase ; (b) decrease ; (c) decrease then increase ; (d) increase then decrease

Last Answer : (a) increase ;