This quiz works best with JavaScript enabled. Home > Class 11 > Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues – Quiz 15 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 15 (25 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Which legislation regulates payment of minimum wage and overtime pay? A) Fair Labor Standards Act (FLSA). B) Family & Medical Leave Act (FMLA). C) State Child Labor Laws. D) Federal Insurance Contributions Act (FICA). Show Answer Correct Answer: A) Fair Labor Standards Act (FLSA). 2. What is a union? A) Federal agency overseeing most employment discrimination law. B) Federal agency regulating and investigating workplace incidents. C) A group formed by employees to negotiate with the employer. D) A group formed by employers to negotiate with employees. Show Answer Correct Answer: C) A group formed by employees to negotiate with the employer. 3. Which of these is paid by the employer rather than being a deduction from your paycheck? A) Federal Taxes. B) Worker's Compensation. C) State Taxes. D) FICA (social security). Show Answer Correct Answer: B) Worker's Compensation. 4. Jason's Deli hires Sam as a consultant to improve the menu. The CEO assigns the VP of Marketing to assist the consultant. In this scenario, the VP of Marketing is the: A) Independent contractor. B) Employee. C) Employer. D) Agent. Show Answer Correct Answer: B) Employee. 5. They have to be brave and strong. A) A teacher. B) A firefighter. C) An IT expert. D) None of the above. Show Answer Correct Answer: B) A firefighter. 6. Child Labor Laws between the ages of 16-17 A) No rules limiting hours. B) Can work any job. C) Can work only certain hours. D) Can work on roofs. Show Answer Correct Answer: A) No rules limiting hours. 7. A country's iron industry closed down, as buyers switch their purchases of iron to another country, what type of unemployment will occur as a result of this? A) Cyclical. B) Seasonal. C) Frictional. D) Structural. Show Answer Correct Answer: D) Structural. 8. Someone who agrees to produce a finished job without being supervised. A) Employee. B) Employer. C) Worker. D) Independent contractor. Show Answer Correct Answer: D) Independent contractor. 9. Which of the following governs the sale of goods? A) Uniform Commercial Code. B) Unified Commercial Code. C) Trade of Goods Commission. D) Sales Commission. Show Answer Correct Answer: A) Uniform Commercial Code. 10. How can we describe someone who is able to be creative with the resources they have? A) Resourceful. B) Honest. C) Motivated. D) Reliable. Show Answer Correct Answer: A) Resourceful. 11. Which of the following policies will be used to reduce frictional unemployment? A) Use supply-side policy measures to improve the performance of the labour market. B) Supply-side policy measures to improve the quality of training and education. C) Expansionary fiscal policy and monetary policy measures to increase government spending and decrease taxes. D) Contractionary monetary policy to increase rates of interest. Show Answer Correct Answer: A) Use supply-side policy measures to improve the performance of the labour market. 12. Your salary is one thing to consider when reviewing a job offer but benefits are also important. Which of the following would NOT be a part of your benefits package? A) Disability insurance. B) Matching contributions to a retirement account. C) FICA. D) Healthcare insurance. Show Answer Correct Answer: C) FICA. 13. An employee that is hired to work when there is an increase in business such as around the holidays. A) Volunteer. B) Internship. C) Seasonal. D) None of the above. Show Answer Correct Answer: C) Seasonal. 14. Involuntary unemployment is the result of workers' voluntary decisions to leave their jobs or reduce working hours. A) True. B) False. C) All the above. D) None of the above. Show Answer Correct Answer: B) False. 15. Choose the correct definition:quota A) Sth that sb said. B) A number of people. C) All the above. D) None of the above. Show Answer Correct Answer: B) A number of people. 16. Which of the following is also known as hidden unemployment A) Seasonal unemployment. B) Open employment. C) Disguised unemployment. D) None of these. Show Answer Correct Answer: C) Disguised unemployment. 17. When individuals lose jobs due to a decline in the economy (aggregate demand), often during an economic recession. A) Structural Unemployment. B) Cyclical Unemployment. C) Frictional Unemployment. D) Seasonal Unemployment. Show Answer Correct Answer: B) Cyclical Unemployment. 18. Who is considered an alien on an I-9 form? A) A person who is not a citizen. B) A person who is a citizen through naturalization. C) A child under 18. D) An adult over 18. Show Answer Correct Answer: A) A person who is not a citizen. 19. A type of work where the employee is expected to complete a certain number of hours per week, usually 40 hours. Examples:teacher, nurse, engineer A) Part-Time. B) Full-Time. C) Contractor. D) Gig Worker. Show Answer Correct Answer: B) Full-Time. 20. Means an employer or employee can end an employment relationship at any time for any reason A) Employment-at-will. B) Individual contracts. C) Protected classes. D) Unionized employees. Show Answer Correct Answer: A) Employment-at-will. 21. An agreement between an employer and a union such that the union will represent all the workers at a particular workplace. A) Single-union Agreement. B) Industrial Action. C) Strikes. D) Work-to-rule. E) Staff Associations. Show Answer Correct Answer: A) Single-union Agreement. 22. A person who is learning by practical experience under skilled workers. A) Minimum wage. B) Part-time. C) Redundancy payment. D) Trainee. Show Answer Correct Answer: D) Trainee. 23. What is the definition of salary? A) A fixed regular payment, typically paid monthly, made by an employer to an employee. B) The state of having a paid job. C) An occupation undertaken for a significant period of a person's life with opportunities for progress. D) A job or profession. Show Answer Correct Answer: A) A fixed regular payment, typically paid monthly, made by an employer to an employee. 24. Excess demand leads to: A) Increase in the level of employment. B) Decrease in the level of employment. C) No change in the level of employment. D) None of the above. Show Answer Correct Answer: C) No change in the level of employment. 25. 25 year old man-child who stays in his mom's basement playing video games. A) Employed. B) Unemployed. C) Not in the Labor Force. D) Not Applicable / Not Counted. Show Answer Correct Answer: C) Not in the Labor Force. ← PreviousNext →Related QuizzesClass 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 1Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 2Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 3Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 4Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 5Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 6Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 7Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 8Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 9Class 11 Economics (Indian Economic Development) Chapter 7 Employment Growth, Informalisation And Other Issues Quiz 10 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books