Monopoly, Competition & Labour Market Mcqs


Q.  The amount of unemployment that the economy normally experiences is known as ?

a. The natural rate of unemployment
b. cyclical unemployment
c. efficiency wage unemployment
d. frictional unemployment


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  If the economy is in the recessionary phase of the business cycle, aggregate demand ___ unemployment ____ inflation ___ and the current account of the balance of payments is likely to move towards ____?
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MCQs:  If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?
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MCQs:  If the US economy is forecast to come out of recession because military expenditure has increase then the exchange value of the UK pound will tend to ?
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MCQs:  If currency dealers expect the value of the pound to fall, the exchange value will tend to ?
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MCQs:  If the Pakistan receives larger than expected revenues from exports then the exchange value of its currency will tend to ?
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MCQs:  If a nation’s interest rates are relatively low compared to those of other countries. then the exchange value of its currency will tend to ?
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MCQs:  The record of country’s transfers of land inter-government payments and money sent by migrants to and from abroad is called its ?
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MCQs:  The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?
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MCQs:  The record of country’s imports and exports of goods is called its ?
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MCQs:  If VAT rates rise, then costs are likely to ___ and demand is likely to ____?
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MCQs:  Government policies that focus on changing interest rates are called ?
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MCQs:  Government policies that focus on increasing production rather than demand are called ?
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MCQs:  As prices rise. People will want to keep more money as cash and in bank accounts This is called ?
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MCQs:  The demand for ice-cream is lower outside of summer causing lower demand for ice-cream salesman if they cannot find other work, this is called _______ unemployment?
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MCQs:  Unemployment resulting from imperfect information in the labour market is called ____ unemployment?
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MCQs:  Aggregate supply is the total amount ?
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MCQs:  Cyclical unemployment is the ?
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MCQs:  An individual who is not working and who has given up looking for work is classfied as ?
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MCQs:  The labour force can be defined as ?
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MCQs:  Reducing inflation is a more important objective than economic growth is an example of ?
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