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Year 11 Exam  >  Year 11 Tests  >  Economics for GCSE/IGCSE  >  Test: Employment & Unemployment - Year 11 MCQ

Test: Employment & Unemployment - Year 11 MCQ


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10 Questions MCQ Test Economics for GCSE/IGCSE - Test: Employment & Unemployment

Test: Employment & Unemployment for Year 11 2024 is part of Economics for GCSE/IGCSE preparation. The Test: Employment & Unemployment questions and answers have been prepared according to the Year 11 exam syllabus.The Test: Employment & Unemployment MCQs are made for Year 11 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises, MCQs and online tests for Test: Employment & Unemployment below.
Solutions of Test: Employment & Unemployment questions in English are available as part of our Economics for GCSE/IGCSE for Year 11 & Test: Employment & Unemployment solutions in Hindi for Economics for GCSE/IGCSE course. Download more important topics, notes, lectures and mock test series for Year 11 Exam by signing up for free. Attempt Test: Employment & Unemployment | 10 questions in 20 minutes | Mock test for Year 11 preparation | Free important questions MCQ to study Economics for GCSE/IGCSE for Year 11 Exam | Download free PDF with solutions
Test: Employment & Unemployment - Question 1
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What defines employment in an economy?

Detailed Solution for Test: Employment & Unemployment - Question 1
Employment refers to the utilization of labor as a factor of production within an economy. It encompasses all individuals who are currently working or seeking employment actively.
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Which type of unemployment arises due to a decrease in aggregate demand within an economy?

Detailed Solution for Test: Employment & Unemployment - Question 2
Cyclical unemployment occurs when there is a downturn in the economy, leading to reduced demand for goods and services, and subsequently, a decrease in demand for labor.
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Test: Employment & Unemployment - Question 3
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What is the primary cause of structural unemployment?

Detailed Solution for Test: Employment & Unemployment - Question 3
Structural unemployment arises from a mismatch between the skills required by employers and the skills possessed by job seekers, often due to changes in the economy's industrial composition.
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How is frictional unemployment characterized?
Detailed Solution for Test: Employment & Unemployment - Question 4
Frictional unemployment occurs when individuals voluntarily leave their jobs to seek better opportunities or when entering the workforce for the first time, resulting in temporary joblessness.
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Which economic policy aims to increase total demand and reduce unemployment during economic slowdowns?
Detailed Solution for Test: Employment & Unemployment - Question 5
Demand-side policies, such as fiscal stimulus and expansionary monetary policy, aim to boost aggregate demand, thereby reducing unemployment during economic downturns.
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What is a consequence of unemployment on governments?
Detailed Solution for Test: Employment & Unemployment - Question 6
Unemployment leads to increased government spending on social welfare programs such as unemployment benefits, reducing available funds for other public expenditures.
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How do supply-side policies primarily address unemployment?
Detailed Solution for Test: Employment & Unemployment - Question 7
Supply-side policies focus on improving the quality and quantity of factors of production, which can lead to increased economic output and demand for labor, thereby reducing unemployment.
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Which measurement of unemployment considers individuals who have given up looking for work?
Detailed Solution for Test: Employment & Unemployment - Question 8
The ILO Labour Force Survey takes into account individuals who are unemployed and actively seeking work, as well as those who have given up looking for work due to discouragement.
Test: Employment & Unemployment - Question 9
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What characterizes full employment in an economy?
Detailed Solution for Test: Employment & Unemployment - Question 9
Full employment is achieved when all willing and able individuals who are seeking work are employed, reflecting optimal utilization of labor resources in the economy.
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How does protectionist policy impact employment?
Detailed Solution for Test: Employment & Unemployment - Question 10
Protectionist policies can protect jobs in domestic industries by restricting imports, but they may also lead to higher prices for consumers and potential job losses in other sectors reliant on imported goods.
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Important Questions for Employment & Unemployment

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Employment & Unemployment MCQs with Answers

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