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Labor Economıcs (ENG)

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  1. 1

    Assume the nominal wage is 7,750 TL for 2024 and the price index is 110.

    Using the information given above, calculate the real wage in 2024.

  2. 2

    Which of the following correctly completes the blank part in the sentence?

    "While ……. might have persistent effects on gender imbalances, it is still a sector that can provide opportunities for women to work, especially for low educated women"

  3. 3

    In 1992, under the Süleyman Demirel government, with the law no. 3774, the retirement age for men and women in Turkey was reduced to which ages?

  4. 4

    What is the implication of being wage-takers for the firm?

  5. 5

    Which of the following is incorrect about perfect competition and monopoly in the goods market?

  6. 6

    On which of the following principle, rational agent will allocate his/her time between leisure activities and work?

  7. 7

    Suppose that the product price is 5 TL per unit. By using the table find the value of average product for 5 workers.

  8. 8

    Which of the following factor’s behavior will help to determine the labor market outcomes?

  9. 9

    Which of the following is the correct matching of the concepts and definitions given above?

  10. 10

    Which of the following in the scope of labor economics?

  11. 11

    I. There are many workers and they are homogenous

    II. Neither firms nor workers have the market power to determine the wage, they are wage-takers

    III. Workers and firms have perfect information

    IV. Workers are completely mobile across firms

    Which of the statements mentioned above are considered as assumptions about a labor market that operates under perfect competition?

  12. 12

    Why is the equilibrium wage rate is called market-clearing wage rate?

  13. 13

    Which of the following is incorrect about the Neoclassical Model of Labor-Leisure Choice?

  14. 14

    Which of the following sentences is correct?

  15. 15

    I. A change in preferences towards work over leisure increases labor supply, and the supply curve shifts to the right

    II. An increase in the wage rates of other jobs decreases the labor supply in a particular labor market, and the supply curve shifts to the left

    III. An advancement of non-wage job characteristics increases labor supply, and the supply curve shifts to the right.

    IV. An increase in the number of workers, increase labor supply, shifting the supply curve to the right

    Which of the following statements about labor supply is accurate?

  16. 16

    I.  Intensive margin reflects the intensity of effort and working hours. 

    II. If individuals choose to work, economists call this decision as extensive margin.

    III. Leisure time is what is left over from work.

    Which of the sentences given above is/are correct?

  17. 17

    Which organization/institution is the responsible government body to collect and disseminate statistics on labor in Türkiye?

  18. 18

    The labor market is perhaps the most important among all the factor markets. Because, _________________________________.

    Which of the following sentences correctly fills in the blank in the above sentence?

  19. 19

    The wage rate at which demand equals supply is ______________________.

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

  20. 20

    Which of the following are factors that positively affect women's participation in the workforce?

    I- inadequacy of childcare services, II- increasing the education level of women, III- decreased fertility  rates, IV- employment growth in professions requiring hard skills, V- lack of institutions to meet elderly care needs

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