Aug 8 - DEV Eco

Which one of the following is NOT the characteristics of a developing country?

• Poverty

• High Population Growth Rate

• High Dependency in Agriculture

• Full Utilization of Natural Resources

Which one of the following is NOT the indicator of Economic Development?

• Per Capita Income

• Physical Quality of Life Index

• Human Development Index

• Basic Human Desires

How can poverty be reduced?

• By investing in consumer goods.

• Bu developing movie theaters

• By creating employment opportunities

• Non participatory development activities

Which one of the following is NOT the cause of poverty?

• Unemployment

• Under utilization of resources

• Adequate socio-economic infrastructure

• Poor management of programs targeted to the poor

What is voluntary unemployment?

• People are not ready to get employed even when they are able to work

• People are ready to get employed but they are unable to work

• People are not ready to get employed even when they are unable to work

• People are ready to get unemployed even when they are able to work

What is Frictional unemployment?

• It is transitional unemployment due to people moving between jobs

• It occurs due to capital-labor substitution

• It occurs when real wages are forced above the market clearing wage rate.

• It is a type of unemployment when people are jobless during off season

What is Seasonal unemployment?

• It is transitional unemployment due to people moving between jobs

• It occurs due to capital-labor substitution

• It occurs when real wages are forced above the market clearing wage rate.

• It is a type of unemployment when people are jobless during off season

What is Structural unemployment?

• It is transitional unemployment due to people moving between jobs

• It occurs due to capital-labor substitution

• It occurs when real wages are forced above the market clearing wage rate.

• It is a type of unemployment when people are jobless during off season

What is Classical unemployment?

• It is transitional unemployment due to people moving between jobs

• It occurs due to capital-labor substitution

• It occurs when real wages are forced above the market clearing wage rate.

• It is a type of unemployment when people are jobless during off season

What is disguised unemployment?

• hidden unemployment

• seasonal unemployment

• structural unemployment

• demand deficient unemployment