Question
Hi, just stuck on a few of these questions. Thanks! Q4. Wages at a greater than the minimum level can: a. encourage higher quality candidates
Hi, just stuck on a few of these questions. Thanks!
Q4.
Wages at a greater than the minimum level can:
a. encourage higher quality candidates to apply for positions
b. create productivity gains if managed correctly
c. all of the options
d. encourage a labour surplus
Q5.
Sally has just graduated with an aeronautical engineering degree and has struggled to find work because of aeronautical jobs has just recently moved overseas. She decides that she needs to remain competitive in the market and has enrolled in a business degree part-time. The category of unemployment that Sally falls under is:
a. demand deficient unemployment
b. wage induced unemployment
c. structural unemployment
d. frictional unemployment
Q6.
Mary has been out of the paid workforce in order to raise her children. Now she decides to do paid work and is looking for a job.
This means that the number of unemployed:
a. is unchanged
b. decreases
c. increases
d. there is not enough information
and the labour force:
a. is unchanged
b. there is not enough information
c. increases
d. decreases
Q12.
A fall in the amount of inflation, given a fixed nominal interest rate will cause:
a. The nominal interest rate to rise
b. The nominal interest rate to fall
c. The real interest rate to fall
d. The real interest rate to rise
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