FPEC1014 Tutorial 7

FPEC1014 Tutorial 7

University

12 Qs

quiz-placeholder

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FPEC1014 Tutorial 7

FPEC1014 Tutorial 7

Assessment

Quiz

Other

University

Practice Problem

Easy

Created by

Kee Tuan Teng

Used 2+ times

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12 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is a macroeconomic issue?

the price of burgers

the profits of firms

the unemployment level in the country

the number of cars sold per year

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

High unemployment would mean that ? .

labour resources are not being used efficiently

firms are not making sufficient profits

consumers are dissatisfied with the goods produced

exports are below expectations

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Unemployment caused by a lack of jobs during a recession is known as ? .

structural unemployment

frictional unemployment

cyclical unemployment

technological unemployment

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Labour force consists of all people who are ?.

16 years old and above who are working or actively seeking work

16 years old and above who are working

21 years old and above who are working

21 years old and above who are not able to get a job

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Frictional unemployment applies to ? .

short periods of unemployment needed to match jobs and job seekers

short periods of unemployment due to the introduction of labour-saving techniques

short periods of unemployment due to fluctuations in the business cycle

short periods of unemployment due to depletion of certain resources

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

“This generally takes place in developed countries where machineries and robots replace the job done by human.” This statement refers to ? .

structural unemployment

frictional unemployment

cyclical unemployment

technological unemployment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Structural unemployment is caused by .

temporary layoffs of workers due to a fall in aggregate demand

changes in the structure of the economy that makes certain jobs unneeded

people who have jobs stop working to look for a better one

people who stop working because of labour disputes

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