Economics Practice MCQ Page 48

Multiple Choice questions for Economics in the sets of 10 each on one page with questions and answers. All sets are usefull in the preparation of subject tests for employment or admission.
Question: 4089   Which of the following would the government be most likely to use to combat structural unemployment?
  1. monetary policy
  2. fiscal policy
  3. job-training programs
  4. either monetary or fiscal policy
  5. minimum -wage laws
Question: 4090   An unemployed worker will continue to search for a new job
  1. as long as he thinks he can get a higher wage offer
  2. as long as his unemployment benefits last
  3. as long as the marginal benefit of search exceeds the marginal cost
  4. as long as his saving will support him
  5. until he receives a job offer
Question: 4091   If the government increase the amount of benefits available to unemployed workers,unemployment is likely to
  1. rise because of reduced marginal benefits of search
  2. fall because of reduced marginal benefits of search
  3. rise because of reduced marginal costs of search
  4. fall because of increased marginal costs of search
  5. change unpredictably because of reduction in both the marginal benefits and marginal cost of search
Question: 4093   If inflation is lower than workers expected,then unemployment is likely to
  1. rise because wage offers are more likely to
  2. fall because wage offers are more likely to exceed a worker's reservation wage
  3. rise because wage offers are more likely to be below a worker's reservation wage
  4. fall because wage offers are more likely to be below a worker's reservation wage
  5. change unpredictably because wage offers may rise or fall relative to a worker's reservation wage
Question: 4095   Persons with working spouses tend to remain unemployed
  1. less long because of higher marginal costs of search
  2. longer because of lower marginal costs of search
  3. less long because of lower marginal benefits of search
  4. longer because of higher marginal benefits of search
  5. the same length of time as unmarried persons
Question: 4096   An increase in the minimum wage tends to increase
  1. structural unemployment
  2. frictional unemployment
  3. cyclical unemployment
  4. structural and cyclical unemployment
  5. frictional and cyclical unemployment
Question: 4097   According to Okun's Law,each percentage point of unemployment costs society
  1. 1.5 percent of GDP
  2. 10 percent of GDP
  3. 2.5 percent of GDP
  4. 7.5 percent of GDP
  5. 5 percent of GDP
Question: 4099   Unemployment associated with the normal changing of jobs in a dynamic economy is called
  1. frictional unemployment
  2. structural unemployment
  3. permanent unemployment
  4. cyclical unemployment
Question: 4100   The human costs of unemployment include all of the following except
  1. lost output
  2. increasing family conflicts
  3. higher divorce rates
  4. increasing health problems
Question: 4101   The costs of being unemployed has been increasing in part because
  1. states are raising taxes that fund unemployment insurance too quickly
  2. there are too many employment offices where unemployed workers can apply for benefits
  3. union membership has been growing
  4. employment has been shifting to the service sector
Question: 4102   An underground worker is a worker
  1. counted as being employed
  2. counted as being unemployed
  3. whose income is not fully reported to the government
  4. that has no skills to offer in the job market
Question: 4103   Which of the following is not an important problem concerning the measurement of unemployment?
  1. Voluntary part-time unemployment
  2. Discouraged workers
  3. Involuntary part-time employment
  4. Differing intensities of job search

Answers to the questions of Economics on this page

Following list gives the correct choice for the answer of the Economics mcqs.
4089 . C       4090 . C       4091 . C       4093 . C       4095 . B       4096 . A       4097 . C       4099 . A       4100 . A       4101 . D       4102 . C       4103 . A      

MCQ for Practicing Subject Tests

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