A fall in demand for labour is likely to lead to ?

Related Mcqs:

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...

Refer to Figure 1 The labour fouce is ?

A. 134.0 million B. None of theses answers C. 92.3 million D. 98.0 million...

The Marginal Revenue Product is likely to be wage inelastic if ?

A. Labour costs are a high percentage of total costs B. Demand for the final product is price inelastic C. It is relatively easy to substitute capital for labour D. There are many substitutes for the final product...

A decrease in the supply of labour is likely to lead to ?

A. A lower equilibrium wage and lower quantity of labour B. A lower equilibrium wage and higher quantity of labour C. A higher equilibrium wage and higher quantity of labour D. A higher equilibrium wage and lower quantity of labour...

Refer to Figure 1. The unemployment rate is ?

A. 3.2 Percent B. 5.7 Percent C. 5.8 Percent D. Not Enough...