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Labour, Poverty & Inequality Quiz

Labour, Poverty & Inequality · Medium

20 questions · Unlimited attempts · Free online practice

Labour economics studies how workers and employers interact in markets - covering wages, employment, unemployment, working conditions, and the role of trade unions. Poverty and ine...

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All 20 questions in this Labour, Poverty & Inequality quiz

The economic phenomenon where the introduction of new machinery heavily increases the demand and wages for highly educated workers while eliminating jobs for uneducated workers is called:
- A. Capital dilution
- B. Skill-biased technological change
- C. The Luddite curve
- D. Structural parity
What is 'Disposable Income'?
- A. Debt
- B. Savings
- C. Total income
- D. Income after taxes
The extra money an employer must pay to attract workers to jobs that are physically dangerous, highly unpleasant, or structurally unstable is known as a:
- A. Compensating wage differential
- B. Risk premium arbitrage
- C. Hazard redundancy
- D. Utility adjustment
The labor force participation rate measures which specific group of people?
- A. The percentage of the total population that is currently employed
- B. The percentage of adults who have a university degree and a job
- C. The percentage of the total population earning above the poverty line
- D. The percentage of the civilian non-institutionalized working-age population that is employed or actively looking for work
Which US state program famously provides a form of universal basic income by distributing an annual dividend to all its residents, funded entirely by state oil revenues?
- A. The Texas Sovereign Fund
- B. The Alaska Permanent Fund
- C. The North Dakota Heritage Fund
- D. The Wyoming Oil Dividend
A situation where an increase in a worker's earned income leads to a disproportionate loss of government assistance, resulting in a lower overall net income, is known as what?
- A. The Pigou penalty
- B. The welfare trap
- C. The deadweight loss
- D. The poverty multiplier
When comparing economic disparities, which is generally more concentrated and unequal within a capitalist society?
- A. Wealth inequality
- B. Income inequality
- C. Consumption inequality
- D. Wage inequality
A proposed economic policy where the government promises to provide a public sector job with a living wage to any citizen willing and able to work is called a:
- A. Universal basic income
- B. Job guarantee
- C. Civic conscription
- D. Workfare mandate
Government interventions such as job search assistance, subsidized employment, and direct job training aimed at helping the unemployed find work are collectively called:
- A. Universal Basic Services
- B. Active Labor Market Policies (ALMP)
- C. Keynesian Job Guarantees
- D. Passive Welfare Mechanisms
The historic discriminatory practice where banks and insurance companies systematically denied mortgages or financial services to residents of specific, often minority-populated neighborhoods is called:
- A. Gentrification
- B. Blockbusting
- C. Redlining
- D. Steering
In the United States, laws that prohibit union security agreements-meaning employees in unionized workplaces cannot be compelled to join the union or pay union dues-are called:
- A. Right-to-work laws
- B. At-will employment laws
- C. Free-rider mandates
- D. Taft-Hartley statutes
In labor economics, when an employer unconsciously holds deeply ingrained stereotypes that negatively affect their hiring decisions, despite believing themselves to be impartial, it is called:
- A. Implicit bias
- B. Overt discrimination
- C. Taste-based sorting
- D. Statistical mapping
What statistical measure is most commonly used by economists to represent the income or wealth distribution of a nation's residents?
- A. The Misery Index
- B. The Gini coefficient
- C. The Laffer Curve
- D. The Pareto ratio
The economic growth potential that can result from shifts in a population's age structure, specifically when the share of the working-age population is larger than the non-working-age share, is called the:
- A. Malthusian surplus
- B. Demographic dividend
- C. Population multiplier
- D. Generation gap
A self-reinforcing mechanism which causes poverty to persist unless there is outside intervention, often resulting from a lack of capital or access to credit, is known as a:
- A. Poverty trap
- B. Wealth paradox
- C. Subsistence spiral
- D. Malthusian limit
What type of unemployment results from a long-term mismatch between the skills workers possess and the skills employers actually need?
- A. Structural unemployment
- B. Cyclical unemployment
- C. Frictional unemployment
- D. Seasonal unemployment
The legal requirement imposed by a government to hold an approved credential or pass a standardized exam before practicing a specific profession is known as:
- A. Occupational licensing
- B. Union credentialing
- C. Guild mandating
- D. At-will certification
Individuals who want to work but have completely given up looking for a job because they believe no jobs are available are classified as what?
- A. Marginally attached workers
- B. Frictional participants
- C. Discouraged workers
- D. Phantom labor
According to dual labor market theory, jobs that are low-paying, offer poor working conditions, have high turnover rates, and provide little chance for advancement make up the:
- A. Primary labor market
- B. Secondary labor market
- C. Tertiary labor market
- D. Informal labor market
Which term describes the economic theory that increasing the minimum wage causes employers to heavily invest in robotics and artificial intelligence to replace workers?
- A. Capital-labor substitution
- B. The productivity paradox
- C. The Luddite effect
- D. Artificial redundancy

Labour, Poverty & Inequality Quiz

Labour, Poverty & Inequality · Medium

Time is up! Quiz Complete!

The economic phenomenon where the introduction of new machinery heavily increases the demand and wages for highly educated workers while eliminating jobs for uneducated workers is called:

What is 'Disposable Income'?

The extra money an employer must pay to attract workers to jobs that are physically dangerous, highly unpleasant, or structurally unstable is known as a:

The labor force participation rate measures which specific group of people?

Which US state program famously provides a form of universal basic income by distributing an annual dividend to all its residents, funded entirely by state oil revenues?

A situation where an increase in a worker's earned income leads to a disproportionate loss of government assistance, resulting in a lower overall net income, is known as what?

When comparing economic disparities, which is generally more concentrated and unequal within a capitalist society?

A proposed economic policy where the government promises to provide a public sector job with a living wage to any citizen willing and able to work is called a:

Government interventions such as job search assistance, subsidized employment, and direct job training aimed at helping the unemployed find work are collectively called:

The historic discriminatory practice where banks and insurance companies systematically denied mortgages or financial services to residents of specific, often minority-populated neighborhoods is called:

In the United States, laws that prohibit union security agreements-meaning employees in unionized workplaces cannot be compelled to join the union or pay union dues-are called:

In labor economics, when an employer unconsciously holds deeply ingrained stereotypes that negatively affect their hiring decisions, despite believing themselves to be impartial, it is called:

What statistical measure is most commonly used by economists to represent the income or wealth distribution of a nation's residents?

The economic growth potential that can result from shifts in a population's age structure, specifically when the share of the working-age population is larger than the non-working-age share, is called the:

A self-reinforcing mechanism which causes poverty to persist unless there is outside intervention, often resulting from a lack of capital or access to credit, is known as a:

What type of unemployment results from a long-term mismatch between the skills workers possess and the skills employers actually need?

The legal requirement imposed by a government to hold an approved credential or pass a standardized exam before practicing a specific profession is known as:

Individuals who want to work but have completely given up looking for a job because they believe no jobs are available are classified as what?

According to dual labor market theory, jobs that are low-paying, offer poor working conditions, have high turnover rates, and provide little chance for advancement make up the:

Which term describes the economic theory that increasing the minimum wage causes employers to heavily invest in robotics and artificial intelligence to replace workers?