Tag: unemployment and employment generation

Questions Related to unemployment and employment generation

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

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

  1. True

  2. False

Show answer
Correct Option: A

Inventory investment refers to investment in fixed capital assets. 

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

  1. True

  2. False

Show answer
Correct Option: B

Autonomous consumption can be zero.

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

  1. True

  2. False

Show answer
Correct Option: B

Autonomous consumption expenditure cannot be zero.

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

  1. True

  2. False

Show answer
Correct Option: A

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

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

  1. True

  2. False

Show answer
Correct Option: B
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)

Equilibrium price and quantity is determined by ___________.

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

  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

Show answer
Correct Option: C

Sweezy's model does not explain ______________.

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

  1. price rigidity

  2. price determination

  3. output determination

  4. kinked demand determination

Show answer
Correct Option: B
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. 

Unemployment insurance results in _______________.

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

  1. Maintenance of consumption level

  2. Decrease in savings

  3. Decrease in consumption level

  4. Increase in savings

Show answer
Correct Option: A

Which is the highest form of unemployment in India?

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

  1. Seasonal

  2. Structural

  3. Cyclical

  4. Casual

Show answer
Correct Option: B

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.

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

  1. Only A is true

  2. Only B is true

  3. Both A and B are true

  4. Both A and B are false

Show answer
Correct Option: C