Reducing involuntary unemployment ?

Labour Market 20/06/2020

A. Helps the economy move on the to Production Possibility Frontier
B. Helps shift the economy’s Production Possibility Frontier outwards
C. Helps the economy move along its Production Possibility Frontier
D. Helps the economy move inside the Production Possibility Frontier

Related Mcqs:

    If there is cyclical unemployment in the economy the government might ?
    A. Increase interest rates B. Encourage savings C. Cut taxes D. Reduce government spending...
    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...
    Refer to Figure 1. The labour force participation rate is ?
    A. 47.1 Percent B. 65.9 Percent C. 50.2 Percent D. 70.2 Percent...
    A minimum wage law tends to ?
    A. Help all teenagers because they receive a higher wage than they would otherwise B. have no impact on unemployment as long as it is set above the competitive equilibrium wage C. Create more Unemployment is high-skill job markets than in low-skill job markets D. Create more unemployment in low-skill job markets than in high-skill … A minimum wage law tends to ?Read More...
    If, for any reason the wage is held above the competitive equilibrium wage?
    A. The quantity of labour supplied will exceed the quantity of labour demanded and there will be Unemployment B. Unions will likely Strike and the wage will fall to equilibrium C. The quantity of labour demanded will exceed the quantity of labour supplied and there will be a labour shortage D. The quality of workers … If, for any reason the wage is held above the competitive equilibrium wage?Read More...

Leave a Reply

Your email address will not be published. Required fields are marked *