Efficiency And Mobility of Labour Force - SS1 Economics Past Questions & Answers - page 1

1

What is labour force efficiency?

A

The ability of the labour force to move between jobs and industries

B

The productivity of the labour force

C

The size of the labour force

D

The percentage of the labour force that is unemployed

 

CORRECT OPTION: b
2

What factors can impact labour force efficiency?

A

 Education

B

Technology

C

Training

 

D

All of the above

CORRECT OPTION: d
3

What is labour force mobility?

A

The ability of the labour force to move between jobs and industries

B

The productivity of the labour force

C

The size of the labour force

 

D

The percentage of the labour force that is unemployed

CORRECT OPTION: a
4

Why is labour force mobility important for economic growth?

A

It allows the labour force to adapt to changing economic conditions

 

B

It reduces the size of the labour force

 

C

It increases the percentage of the labour force that is unemployed

 

D

It makes the labour force less efficient

CORRECT OPTION: a
5

What are some barriers to labour force mobility?

A

Lack of transportation

B

High cost of living in certain areas

C

Lack of job opportunities in certain industries

 

D

All of the above

CORRECT OPTION: d
6

What is labour force efficiency?

Labor force efficiency refers to the productivity of the labor force, which can be influenced by factors such as education, training, and technology. 

 

7

Why is labour force mobility important for economic growth?

A mobile labour force can adapt to changing economic conditions and take advantage of new job opportunities, which can also contribute to economic growth and development.

 

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