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Labor Economıcs (ENG)

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  1. 1

    I. Workers

    II. Government

    III. Students

    IV. Employers

    Which of the following is one of the main actors in the labor market?

  2. 2

    The marginal product of labor is 30, marginal product of capital is 15, and the  price of the labor (w) is 6. Which one of the fallowing equals price of the capital?

  3. 3

    If there is a surplus of labor, which of the following is likely to happen?

  4. 4

    The normal working time is how many hours per week in Turkiye?

  5. 5

    I. A rightward movement occurs along the labour supply curve.

    II. A rightward movement occurs along the demand curve.

    III. The quantity demanded falls and leftward movement occurs along the labor demand curve.

    Which of the following will happen if wages increase?

  6. 6

    According to Turkstat's definition, which of the following is not considered employed?

  7. 7

    Which of the is not the one of the assumptions of a perfectly competitive labor market?

  8. 8

    I.Labor demand is more elastic the greater the elasticity of demand for the output. 

    II. Labor demand is more elastic the greater the elasticity of substitution.

    III. Labor demand is more elastic the greater labor’s share in total costs.

    IV. Labor demand is more elastic the lesser the supply elasticity of capital

    Which one of the above expressions that are related with the Marshall's Laws of Derived Demand are correct?

  9. 9

    Which of the following sentences is incorrect?

  10. 10

    I. According to the official statistics, union density in Türkiye is high

    II. Unions can increase labor demand by increasing labor productivity

    III. Unions may increase labor demand by increasing demand for the goods they produce via lobbying

    Which of the sentences given above is true about unions?

  11. 11

    Which one of the following will cause an upward shift in the labor demand curve?

  12. 12

    Which of the following is not true for perfectly competitive goods and labor markets firms?

  13. 13

    What is the demand for labor curve of competitive firm in the short-run equal to?

  14. 14

    If the product price is 3 TL per unit, the wage rate (w) is 3 TL per worker, the rental price of capital (r) is 2 TL per unit of capital, and the firm employs 8 workers and 3 capital, and its profit is 120 TL. How many units of output does the firm produce?

  15. 15

    Assume the wage rate goes up from 100 TL to 140 TL and the hours supplied in the labor market increases from 5 hours to 10 hours. Calculate the labor supply elasticity.

  16. 16

    Why are the firms and workers in competitive markets called as wage-takers?

  17. 17

    Which of the following assumptions about the utility function U=U(C,L) is correct?

     I- preferences of the individuals are well-defined, II- preferences are not always consistent, III- utility levels increase with higher consumption of C and L,  IV- preferences are incomplete and temporary

  18. 18

    Considering the above function, what are the marginal product of labor (MPL) and marginal product of capital (MPK) functions?

  19. 19

    The introduction of ___________________ aims to sustain a wage level that is needed to cover the bare necessities of life. It also protects workers from being exploited by employers, particularly disadvantaged groups like women, youth, and minorities.

    Which one of the following options correctly fills in the blank?

  20. 20

    I. If output price increases, the demand curve shifts to the right

    II. Holding the employment level created by other firms constant, if the number of buyers of labor increases, the demand curve shifts to the left

    III. Given the output price, if the marginal product of labor increases, and the demand curve shifts to the right

    IV. If it is a substitute, labor demand decreases, and the demand curve shifts to the left

    Which of the following statements about labor demand is accurate?

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