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Theories of Employment and Income 5 Mark Creative Question Paper With Answer Key

12th Standard

    Reg.No. :
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Economics

Time : 02:30:00 Hrs
Total Marks : 50

     5 Marks 

    10 x 5 = 50
  1. Narrate the equilibrium between ADF and ASF with diagram

  2. List out all assumption of say's law of market?

  3. Draw the diagram ADF.

  4. Draw the diagram for Aggregate supply curves diagram.

  5. Comparison of Classicism and Keynesianism.

  6. Classify the following as either employed, unemployed or not in the labor force

    An individual who has been temporarily absent due to caring for an elderly relative whether they are paid or not.  
    A person 18 years old or older who works without pay for 15 or more hours per week in a family enterprise.  
    Someone who works for pay in his or her own business.  
    A woman who spends five hours a week sending bills to her husband's clients. She is not paid for her work. Otherwise she performs non-market work at home.  
    A retired person  
    A person who quits one job in favor of looking for work elsewhere but has yet to find work.  
  7. In each of the following scenarios, classify the individual as frictionally, structurally, or cyclically unemployed. Explain your classification.
    (a) There has been a general economic slow down. Because of weak demand, Kumar has lost his portering job at the railway station.
    (b) Sathish, a newly qualified dental graduate, is looking for a place to set up practice.
    (c) Latha is thrown out of work by the introduction of a more mechanized production process.
    (d) Devi, a computer programmer with a large bank, quit her job two months ago in search of a better-paid programming position. She is still looking.

  8. State the ‘Full Employment’ in The Classical view.

  9. Explain the concept of effective demand

  10. Enumerate the determinants of effective demand.

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