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Economic Concepts Quiz

Authored by Desmond Igboji

Other

11th Grade

Used 3+ times

Economic Concepts Quiz
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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

2.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

3.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

4.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

5.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

6.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

structural unemployment

frictional unemployment

seasonal unemployment

residual unemployment

7.

MULTIPLE CHOICE QUESTION

30 sec • 3 pts

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

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