LECTURE 5 - UNEMPLOYMENT QUIZ

LECTURE 5 - UNEMPLOYMENT QUIZ

University

10 Qs

quiz-placeholder

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LECTURE 5 - UNEMPLOYMENT QUIZ

LECTURE 5 - UNEMPLOYMENT QUIZ

Assessment

Quiz

English

University

Hard

Created by

Đỗ Trúc

Used 2+ times

FREE Resource

10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main concept behind the theory of efficiency wages?

Firms pay wages that are below equilibrium to cut costs.

Firms voluntarily pay above-equilibrium wages to boost worker productivity.

Firms pay wages at equilibrium to maintain a balanced workforce.

  1.  Firms randomly decide on wage levels without considering productivity.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT one of the reasons firms might pay efficiency wages?

  1.  Worker health

  1. Worker turnover

  1.  Worker bonus

  1. Worker effort

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following best summarises the relationship between efficiency wages and worker turnover?

  1. Paying higher wages leads to lower worker turnover.

  1. Paying higher wages leads to higher worker turnover.

  1. Paying efficiency wages has no impact on worker turnover.

  1. Worker turnover decreases when efficiency wages are coupled with additional benefits.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which agency calculates the unemployment rate in the United States?

  1. Bureau of Labor Statistics

  1. Department of Labor

  1. Census Bureau

  1. Office of Management and Budget

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The labor force participation rate identifies:

  1. The number of unemployed

  1. The number of employed

  1. The percentage of the adult population in the labor force

  1. The number of retired

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

 Which of the following is the another name for Frictional Employment?

  1. Natural Unemployment

  1. Structural Unemployment

  1. Positive Unemployment

  1. Frequency Unemployment

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is not the way an economy can prioritise overcoming structural unemployment?

  1. Continually develop professional skills.

  1. Research market trends

  1. Build professional network

  1. Seeking training and education

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