Economic Concepts Quiz

Which of the following is not a consequence of increased unemployment

• A fall in tax revenue for the government

• A reduction in trade union’s influence

• A fall in the death rate

• An increase in the labour force

In a rapidly growing economy, a change in technology which is labour saving is likely to cause

• residual unemployment

• structural unemployment

• disguised unemployment

• frictional unemployment

A civil engineer who accepts to teach elementary science in a primary school because he cannot get a paid engineering job is an example of

• structural unemployment

• disguised unemployment

• residual unemployment

• frictional unemployment

The type of unemployment that occurs as a result of physical or mental disability of labour is known as

• frictional unemployment

• structural unemployment

• cyclical unemployment

• residual unemployment

A situation of full employment exists when

• all adults who are employed

• all persons who have attained the age of 15 years and above are employed

• all those who are able and eligible to work are employed

• all those who are able and eligible to work are employed

If workers at the school canteen cannot sell during the holidays, this is an example of

• structural unemployment

• frictional unemployment

• seasonal unemployment

• residual unemployment

The process of increasing the real per capita income and affecting changes in various sectors of the economy is known as

• economic acceleration

• economic development

• economic integration

• economic growth

Economic development may be hindered if there is

• a high pool of skilled labour

• a high rate of economic growth

• political stability

• rapid population growth

Economic growth is the

• rate of increase in the country’s full employment and real output

• rate of increase in a nation’s total population

• rate of increase in inflation

• growth in birth rate

An important feature of economic development is

• population explosion

• reduction in exports

• high literacy level

• low export