Refer to Figure 1. The unemployment rate is ?

Related Mcqs:

An increase in the wage rate ?

A. Will usually lead to more people employed B. Will decrease total earning if the demand for labour is wage elastic C. is illegal in a free market D. will cause a shift in the demand for labour...

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...

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...