Tag: unemployment and employment generation

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Questions Related to unemployment and employment generation

Multiple choice economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

In the short run, land, capital, technology remain constant.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

In short-run macroeconomic models, factors of production such as land, capital stock, and the level of technology are held constant to isolate the effects of changes in labor and aggregate demand.

Multiple choice economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

Inventory investment refers to investment in fixed capital assets. 

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Inventory investment refers to the change in the stock of unsold goods, raw materials, and work-in-progress held by firms, whereas fixed capital investment refers to assets like machinery and buildings.

Multiple choice economics concept of excess demand and deficient demand unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

For open economy aggregate demand is equal to Consumption + Investment + Government expenditure.

  1. True

  2. False
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

An open economy is an economy in which there are economic activities between the domestic country with the other countries.

Hence, for an open economy, aggregate demand is equal to Consumption + Investment + Government expenditure + (X-M) where X is the income from Exports and M is the expenditure on imports

AD = C + I + G + (X-M)

Multiple choice economics concept of excess demand and deficient demand unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

Equilibrium price and quantity is determined by ___________.

  1. Mid-point of demand curve

  2. Central planning agency

  3. Intersection of demand and supply curve

  4. Mutual discussion of trade and consumer associations
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

In a competitive market, the equilibrium price and quantity are established where the quantity demanded by consumers equals the quantity supplied by producers, which is the intersection point of the demand and supply curves.

Multiple choice economics income determination unemployment and employment generation the short run fixed price analysis of the product market liquidity preference and profit

Sweezy's model does not explain ______________.

  1. price rigidity

  2. price determination

  3. output determination

  4. kinked demand determination
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Sweezy's kinked demand curve model advocates the behavior of oligopolistic organizations when the price and output are determined. Therefore, Instead of laying emphasis on price-output determination, the model explains the behavior of oligopolistic organizations when price and output is determined. 

Multiple choice economics employment: growth, informalisation and other issues measures to alleviate unemployment unemployment measures unemployment and employment generation

Unemployment insurance results in _______________.

  1. Maintenance of consumption level

  2. Decrease in savings

  3. Decrease in consumption level

  4. Increase in savings
Reveal answer Fill a bubble to check yourself
A Correct answer
Explanation

Unemployment insurance provides a financial safety net for individuals who have lost their jobs. This allows them to maintain their standard of living and consumption levels during periods of joblessness.

Multiple choice economics employment: growth, informalisation and other issues measures to alleviate unemployment unemployment measures unemployment and employment generation

Which is the highest form of unemployment in India?

  1. Seasonal

  2. Structural

  3. Cyclical

  4. Casual
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Structural unemployment is considered the most significant and persistent form of unemployment in India, arising from a mismatch between the skills of the workforce and the requirements of the economy.

Multiple choice economics employment: growth, informalisation and other issues measures to alleviate unemployment unemployment measures unemployment and employment generation

State whether the followings statements regarding NREGA are true or false:
a) Employment will be given within 15 days of application for work, if it is not then daily unemployment allowance as per the Act, has to be paid. 
b) Paid liability for payment of unemployment allowance is of the States.

  1. Only A is true

  2. Only B is true

  3. Both A and B are true

  4. Both A and B are false
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA), employment must be provided within 15 days of application, failing which an unemployment allowance is payable. The responsibility for funding this allowance lies with the State Governments.