St. Britto Hr. Sec. School - Madurai
12th Economics Weekly Test - 1 ( Theories of Employment and Income )-Aug 2020
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Write any two Criticisms of Say’s Law.
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Give short note on frictional unemployment
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Comment : “Self-Adjustment not Possible”
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Write the equation of effective demand
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What do you mean by aggregate demand ? Mention its components
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Explain Keynes’ theory in the form of flow chart
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Give the factors on which the aggregate demand depends.
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Explain the classical theory about unemployment?
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Explain the following in short
(i) Seasonal unemployment
(ii) Frictional unemployment
(iii) Educated unemployment -
Write short note on the implications of Say’s law.
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In each of the following scenario, 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. -
Critically explain Say’s law of market
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Narrate the equilibrium between ADF and ASF with diagram.
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Describe the types of unemployment.