Economics Practice MCQ Page 35

Multiple Choice questions for Economics in the sets of 10 each on one page with questions and answers. All sets are useful in the preparation of subject tests for employment or admission.
Question: 3432   The types of unemployment that is often beneficial to society is
  1. cyclical unemployment
  2. structural unemployment
  3. frictional unemployment
  4. both structural and frictional unemployment
  5. none unemployment is beneficial
Question: 3433   Someone who has been unemployed for two years is most likely
  1. cyclically unemployed
  2. structurally unemployed
  3. frictionally unemployed
  4. either frictionally or structurally unemployed
  5. either cyclically or frictionally unemployed
Question: 3434   A person who has given up looking for work though he wants a job is classified as
  1. employed
  2. unemployed
  3. not in the labor force
  4. either unemployed or not in the labor force, but more data are needed to determine which
  5. either employed or not in the labor force, but more data are needed to determine which
Question: 3435   A person who is not working but is available for work is classified as
  1. employed
  2. unemployed
  3. not in the labor force
  4. either unemployed or not in the labor force, but more data are needed to determine which
  5. either employed or not in the labor force, but more data are needed to determine which
Question: 3437   A person who has accepted a part time job while continuing to look for a full time position is classified as
  1. employed
  2. unemployed
  3. not in the labor force
  4. either unemployed or not in the labor force, but more data are needed to determine which
  5. either employed or not in the labor force, but more data are needed to determine which
Question: 3438   Which of the following would the government be most likely to u se to combat structural unemployment
  1. monetary policy
  2. fiscal policy
  3. job training programs
  4. either monetary or fiscal policy
  5. minimum wage laws
Question: 3439   Historical data indicate that when the number of unemployed workers is increasing, the number of employed workers
  1. always falls
  2. always rises
  3. changes unpredictably
  4. usually falls if the cause is a recession but may rise otherwise
  5. nearly always remains approximately constant
Question: 3441   An unemployed worker will continue to search for a new job
  1. as long as he thinks he can get a higher wage offer
  2. as long as his unemployment benefits last
  3. as long as the marginal benefit of search exceeds the marginal cost
  4. as long as his savings will support him
  5. until he receives a job offer
Question: 3443   Which of the following would the government be most likely to use to combat cyclical unemployment
  1. monetary policy
  2. fiscal policy
  3. job training programs
  4. either monetary or fiscal policy
  5. minimum wage laws
Question: 3444   If the government increases the amount of benefits available to unemployed workers, unemployment is likely to
  1. rise because of increased marginal benefits of search
  2. fall because of reduced marginal benefits of search
  3. rise because of reduced marginal costs of search
  4. fall because of increased marginal costs of search
  5. change unpredictably because of reduction in both the marginal benefit and marginal cost of search.
Question: 3445   If inflation is lower than workers expected then unemployment is likely to
  1. rise because wage offers are more likely to exceed a worker's reservation wage
  2. fall because wage offers are more likely to exceed a worker's reservation wage
  3. rise because wage offers are more likely to be below a worker's reservation wage
  4. fall because wage offers are more likely to be below a worker's reservation wage
  5. change unpredictably because wage offers may rise or fall relative to a worker's reservation wage
Question: 3447   Persons with working spouses tend to remain unemployed
  1. less long because of higher marginal costs of search
  2. longer because of lower marginal costs of search
  3. less long because of lower marginal benefits of search
  4. longer because of higher marginal benefits of search
  5. the same length of time as unmarried persons