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Labor Economıcs (ENG)

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  1. 1

    In countries like the Netherlands and Switzerland, more than 80% of the working age population (15-64) takes part in market activity.Which of the following is the rate of the working age population actively takes part in Turkey?

  2. 2

    According to Nickell et al. (2005) how can be explained of more than half of the broad unemployment movements in the OECD between 1960 and 1990 ?

  3. 3

    Which of the following can be used as one of the most commonly used instrumental variable in the literature to identify the causal impact of schooling
    on wages?

  4. 4

    In which of the following situations would no worker willingly accept a job that carries a high degree of risk?

    I- If all workers are risk averse,  II- If some workers are risk lovers, III- If there is a wage premium for risky jobs, IV- If the wage offered is lower than what is offered for a less risky job

  5. 5

    What is the present value of a three-year project that pays 500 TL at the end of the first year, 650 TL at the end of the second year, and 800 TL at the end of the third year if the interest rate is 5% for the three years?

  6. 6

    I. It shows what the individual will earn in the labor market if she were to acquire a particular level of schooling. 

    II. It is negatively sloped.

    III. It has  a concave shape. 

    IV. We can use it to calculate the returns to schooling.

    Which of the above statements about the wage-schooling locus are true  ?

  7. 7

    Which of the following is a graphical representation of the distance between the actual distribution of income and absolute equality for various segments of the population.

  8. 8

    Consider the figure above showing employee’s indifference curves between the
    wage and probability of injury. Which of the following cannot be said regarding the figure?

  9. 9

    I. Schooling reduces crime

    II. Any deficits in early years naturally reflect negatively on later investments in schooling

    III. Schooling has negative externalities.

    IV. Education improves infant, child, and adult health outcomes

    Which one of the above statements about the rate of return to schooling are correct?

  10. 10

    Which one of the fallowing choices is not a component of the Mincer earnings function?

  11. 11

    I. If migrant and native workers are substitutes, labor supply curve shifts right, wage rate decreases and fewer native workers are employed in the industry.

    II. If migrant and native workers are substitutes, it decreases firm's profit in the short run.

    III. If migrant and native workers are complemets, labor demand curve shifts to the left, wage rate decreases.

    IV.  In the long term, migrants generally have a limited impact on overall employment in the host country.

    Which one of the above statements about the  impact of migrants are correct?

  12. 12

    TWhat is the most common method used by labor  economists to identify the causal impact of schooling on wages?

  13. 13

    Which of the following is used by OECD to referre household income?

  14. 14

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

  15. 15

    I. Informal labor has a large share in total employment in developed countries

    II. Informal labor refers to those employees who are not registered in any social security organization

    III. The wage rate is the price of labor per unit of time or output, usually as negotiated between workers and employers

    Which of the information given above is correct?

  16. 16

    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?

  17. 17

    It is the link between output and all inputs, including labor, and it defines the maximum quantity of output as a function of a given set of inputs. It is the key to understanding the demand for labor and is a function that represents the maximum quantity of output a firm can produce given a certain quantity of input(s).

    Which of the following is the concept described above?

  18. 18

    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?

  19. 19

    Economic decisions in the labor market are based on __________ and not ___________.

    Fill in the blanks in the above sentence with the appropriate option from the options below.

  20. 20

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

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