Which of the following is a social cost of inequality?

Poverty and reduced life expectancy

What would lead to an increase in structural unemployment?

A lack of education and training for the workforce

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Labour market outcomes

14 termsStudBud Administration105 plays

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Questions 14

Answers

1
Which of the following is a non-wage outcome?
Pay rise
More money
Paternity leave
Extra cash
2
Which of the following is a social cost of inequality?
Greater incentives to increase education and training
Higher levels of entrepreneurship
Lower economic activity
Poverty and reduced life expectancy
3
How do you solve seasonal unemployment?
Increase the level of economic activity
Change the seasons
Change the weather
Not possible
4
If unemployment rises..
The participation rate will rise
Government will spend less on transfer payments
Income and output will fall
The Warriors win the championship
5
Which of the following groups, on average, earns the higher income?
Non-English speaking migrants
16 year olds
Managers and professionals
Teachers
6
What would lead to an increase in structural unemployment?
Increased government spending on retraining programs
Sunshine
Moonlight
A lack of education and training for the workforce
7
An economy crashes and firms sack workers. What type of unemployment is this?
Cyclical
Structural
Casual
Seasonal
8
A man walks into a bar. What does he say?
Ouch.
Hello.
Economic growth is slow.
Unemployment is high today.
9
What factor will influence the demand for labour by an individual firm?
Geographic mobility of labour
Participation rate
Unemployment rate
Productivity of labour
10
What type of unemployment occurs when people have jobs but they want to work more?
McDonald's employment
Frictional unemployment
Underemployment
Structural unemployment
11
What is the current unemployment rate?
5.8%
3.1%
6.2%
3%
12
Who is this person?
The Minister for Employment
The Minister for Women's Affairs
The Minister for Tourism
The Minister for Small Business
13
Income inequality makes labour more mobile and increases economic growth.
False
True
14
Nominal wages are outpacing inflation. What happens to real wages?
None of the above
Real wages rise
Real wages fall
Real wages are constant

Labour market outcomes Flashcards | StudBud

Labour market outcomes

14 termsStudBud Administration105 plays

Imported from external platform

Flashcards14 cardsFPractice quizPHost liveL

Questions 14

Answers

1
Which of the following is a non-wage outcome?
Pay rise
More money
Paternity leave
Extra cash
2
Which of the following is a social cost of inequality?
Greater incentives to increase education and training
Higher levels of entrepreneurship
Lower economic activity
Poverty and reduced life expectancy
3
How do you solve seasonal unemployment?
Increase the level of economic activity
Change the seasons
Change the weather
Not possible
4
If unemployment rises..
The participation rate will rise
Government will spend less on transfer payments
Income and output will fall
The Warriors win the championship
5
Which of the following groups, on average, earns the higher income?
Non-English speaking migrants
16 year olds
Managers and professionals
Teachers
6
What would lead to an increase in structural unemployment?
Increased government spending on retraining programs
Sunshine
Moonlight
A lack of education and training for the workforce
7
An economy crashes and firms sack workers. What type of unemployment is this?
Cyclical
Structural
Casual
Seasonal
8
A man walks into a bar. What does he say?
Ouch.
Hello.
Economic growth is slow.
Unemployment is high today.
9
What factor will influence the demand for labour by an individual firm?
Geographic mobility of labour
Participation rate
Unemployment rate
Productivity of labour
10
What type of unemployment occurs when people have jobs but they want to work more?
McDonald's employment
Frictional unemployment
Underemployment
Structural unemployment
11
What is the current unemployment rate?
5.8%
3.1%
6.2%
3%
12
Who is this person?
The Minister for Employment
The Minister for Women's Affairs
The Minister for Tourism
The Minister for Small Business
13
Income inequality makes labour more mobile and increases economic growth.
False
True
14
Nominal wages are outpacing inflation. What happens to real wages?
None of the above
Real wages rise
Real wages fall
Real wages are constant