Employment and Unemployment (Leaving Cert Economics): Quizzes
📚Quizzes
Practise the questions
13 questions from this quiz
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Practise the questions
13 questions from this quiz
What does the labour force consist of?
What does the labour force consist of?
Employed & those actively seeking work
What is Ireland's employment rate for those aged 15-64 in recent quarters?
What is Ireland's employment rate for those aged 15-64 in recent quarters?
Around 74-75%
What is the youth unemployment rate (ages 15-24) in Ireland in recent periods?
What is the youth unemployment rate (ages 15-24) in Ireland in recent periods?
Around 12%
What were the recent male vs female employment rates in Ireland?
What were the recent male vs female employment rates in Ireland?
Male 78.0%, Female 69.8%
What causes cyclical unemployment?
What causes cyclical unemployment?
Economic downturns & falling demand
What is structural unemployment?
What is structural unemployment?
Skills mismatch with available jobs
What best describes frictional unemployment?
What best describes frictional unemployment?
Natural time lag between jobs
Which Irish industries experience seasonal unemployment?
Which Irish industries experience seasonal unemployment?
Tourism, retail & agriculture
How much more likely are unemployed people to experience consistent poverty vs employed?
How much more likely are unemployed people to experience consistent poverty vs employed?
More than 6 times more likely
When will a profit-maximising firm hire an additional worker?
When will a profit-maximising firm hire an additional worker?
When MRP exceeds wage cost
Why does the labour demand curve slope downward?
Why does the labour demand curve slope downward?
Diminishing marginal productivity
Which direction does the labour supply curve typically slope?
Which direction does the labour supply curve typically slope?
Upward
What is a potential effect of minimum wage policies set above equilibrium?
What is a potential effect of minimum wage policies set above equilibrium?
May create unemployment if demand elastic