Miscellaneous Economic MCQs

The labor force participation rate is calculated as the:

A) Number of unemployed individuals divided by the total population

B) Number of employed individuals divided by the total labor force

C) Total population divided by the number of unemployed individuals

D) Number of employed individuals divided by the total population

What is the primary determinant of wage differentials according to human capital theory?

A) Occupational segregation

B) Unionization rates

C) Differences in education and skills

D) Minimum wage laws

Which of the following is NOT a type of unemployment?

A) Frictional unemployment

B) Structural unemployment

C) Cyclical unemployment

D) Inflationary unemployment

The Lorenz curve is used to measure:

A) Income inequality

B) Labor productivity

C) Employment growth

D) Wage discrimination

Which labor market theory suggests that unemployment can result from wages being too high above the equilibrium level?

A) Insider-outsider theory

B) Efficiency wage theory

C) Labor force participation theory

D) Labor union theory

Which economic concept explains the concentration of economic activities in specific geographic areas?

A) Agglomeration economies

B) Urban sprawl

C) Land use planning

D) Zoning regulations

What is the primary goal of regional economic development policies?

A) Centralization of economic activities in urban areas

B) Balanced growth and reduction of regional disparities

C) Encouraging rural-to-urban migration

D) Preservation of historical landmarks

Which of the following is an example of a negative externality associated with urbanization?

A) Job creation and economic growth

B) Increased traffic congestion and pollution

C) Access to better healthcare and education

D) Infrastructure development and investment

The concept of “smart cities” emphasizes the use of technology to:

A) Preserve traditional urban landscapes

B) Improve transportation systems

C) Reduce population density

D) Limit economic activities

Which economic indicator is used to measure the affordability of housing in urban areas?

A) Gentrification index

B) Homeownership rate

C) Housing price-to-income ratio

D) Residential segregation index