LABOUR ECONOMICS

1. What is the study of labour economics primarily focused on?

• Labour

• Wage

• Economics

• Skill

1. What is the primary factor influencing the demand for labour?

• • Production

• Consumption

• Investment

• All

1. What is the term for negotiations between employers and employees?

• Wage

• • Bargaining

• Work

• Leisure

1. Which sector relies heavily on human labour?

• Industrial

• • Agriculture

• Service

• All

Mobility of labour from one industry to another is called ----------

• Transfer

• Immigration

• Migration

• All

Which of the following is NOT a type of unemployment?

• Frictional Unemployment

• Seasonal Unemployment

• Natural Unemployment

• Cyclical Unemployment

Which of the following is NOT a direct cause of unemployment?

• Technological advancements

• Population growth

• Increase in aggregate demand

• Structural changes in the economy

Which of the following is a key method for measuring unemployment?

• Balance of Payments

• Consumer Price Index

• GDP Growth Rate

• Labor Force Survey

The Neoclassical approach to wage determination assumes --------------------

• Wages are set by government policies

• Labor markets are perfectly competitive

• Trade unions determine wages

• Wages are fixed and do not respond to market forces

The concept of a minimum wage is intended to --------------

• Maximize employer profits

• Reduce government spending

• Ensure workers earn a basic living wage

• Increase unemployment rates