Question 1

Active labour market policies are those which

Accepted Answer

A)  Provide income support for the unemployed 
B)  Attempt to make it easier for individuals to enter the labour market 
C)  Assist with the relocation of labour among different sub-markets 
D)  Emphasise employment protection legislation. 
A)  Provide income support for the unemployed 
B)  Attempt to make it easier for individuals to enter the labour market 
C)  Assist with the relocation of labour among different sub-markets 
D)  Emphasise employment protection legislation. B , C

Question 2

The Beveridge Curve measures

Accepted Answer

A)  The number of vacancies and the level of unemployment 
B)  The change in the number of vacancies and the change in the level of unemployment 
C)  The optimal combination of unemployment and vacancies 
A)  The number of vacancies and the level of unemployment 
B)  The change in the number of vacancies and the change in the level of unemployment 
C)  The optimal combination of unemployment and vacancies A

Question 3

The case against minimum wage legislation rests on the fact that

Accepted Answer

A)  It always reduces employment 
B)  The effects on particular workers are generally short-lived 
C)  wage spill-overs mean that the lowest paid are not helped 
A)  It always reduces employment 
B)  The effects on particular workers are generally short-lived 
C)  wage spill-overs mean that the lowest paid are not helped B

Question 4

The Wage Curve is

Accepted Answer

A)  Explained by workers receiving the same rate of pay regardless of the level of unemployment in their own region. 
B)  Identical to the Phillips Curve 
C)  An equilibrium locus describing temporary or transitory phenomena 
D)  A representation of the relationship between the real wage rate and the level of unemployment in particular regions 
A)  Explained by workers receiving the same rate of pay regardless of the level of unemployment in their own region. 
B)  Identical to the Phillips Curve 
C)  An equilibrium locus describing temporary or transitory phenomena 
D)  A representation of the relationship between the real wage rate and the level of unemployment in particular regions

Question 5

Low pay should be measured in relative rather than absolute terms if one is concerned with

Accepted Answer

A)  Equity issues 
B)  Poverty 
C)  A fixed proportion of the workforce 
A)  Equity issues 
B)  Poverty 
C)  A fixed proportion of the workforce

Question 6

Equal pay for work of equal value by men and women means that

Accepted Answer

A)  Those whose value of output as measured by the market is identical should receive the same rate of pay 
B)  Men and women should receive the same rate of pay where the work they do is rated as equivalent under a job evaluation scheme 
C)  Allowance is made for the fact that some jobs are riskier than others 
A)  Those whose value of output as measured by the market is identical should receive the same rate of pay 
B)  Men and women should receive the same rate of pay where the work they do is rated as equivalent under a job evaluation scheme 
C)  Allowance is made for the fact that some jobs are riskier than others

Active labour market policies are those which

The Beveridge Curve measures

The case against minimum wage legislation rests on the fact that

The Wage Curve is

Low pay should be measured in relative rather than absolute terms if one is concerned with

Equal pay for work of equal value by men and women means that

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Filters

Exam 10: Labour Market Policy

Active labour market policies are those which

The Beveridge Curve measures

The case against minimum wage legislation rests on the fact that

The Wage Curve is

Low pay should be measured in relative rather than absolute terms if one is concerned with

Equal pay for work of equal value by men and women means that

Labour Force Participation

The Labour Supply Curve

Investment in Human Capital

The Demand for Labour; Changing Jobs: The Economics of Job Search

Extensions of Labour Demand: Mismatches in the Labour Market

Trade Unions

Bargaining and Conflict

The Structure of Labour Markets

Wage Incentives

Filters