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ECS2604 ASSESSMENT 2 2024 SEMESTER 1 2024
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ECS2604 ASSESSMENT 2 2024 SEMESTER 1 2024
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ecs2604 assessment 1 2024 semester 1 Labour Economics - ECS2604
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ECS2604 EXAM PACK 2023
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MFP1501 EXAM PACK 2022
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PASSMATE TUTORIALS passmatetutorials@gmail.comDISCLAIMER: THIS IS NOT AN OFFICIAL GUIDE FROM UNISA. THE FRAMEWORK
IS NOT PREPARED NOR APPROVED BY UNISA, RATHER REPRESENTS A
POSSIBLE SOLUTION TO THE TASK CONSISTENT WITH THEORY. THIS
FRAMEWORK IS ONLY INTENDED TO ASSIST STUDENTS IN GETTING STARTED
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CONTACT PASSMATE TUTORIALS @061 262 1185/068 053 8213/0717 513 144 OR
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Question text
The country Tanzania has a population of 523.2 million and the working age population
was 352 million. There are 145 million people in the labour force and 120 million of them
are employed. 20 million of the unemployed are seasonal promoters but are actively
looking for jobs. What is the unemployment rate according to the expanded definition?
a. 4,78%
b. 7,10%
c. 82,76%
d. 17,24%
Question text
Which of the following group of people is NOT defined as part of the labour force?
Full-time students
Unemployed.
Self-employed
Formal-sector employees.
Informal-sector employees.
Question text
Using the information below based on a hypothetical firm, it can be concluded that its
labour productivity is equal to …… while capital productivity is equal to …
Quantity of capital 250
Quantity of labour 400
Quantity of output 5000
a. 1.25; 2
b. 7.69; 7.69
c. 20; 12.5
d. 12.5; 20
Question text
Assume La-Glam makes 6500 garments each week and the total number of employees
amount to 1500. Due to the outbreak of COVID-19, there is a fall in demand for garments
as "'none-essential" businesses are closed during the lockdown season. Mashudu sees it
fit to cut down their working hours to 70%. What is labour productivity?
a. 3.03
b. 0.33
c. 4.34
PASSMATE TUTORIALS 061 262 1185/068 053 8213/0717 513 144
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d. 4.33
Question text
Which of the following statements pertaining the Human Capital Theory is/or are true?
a. The HCT theory is helpful because it helps us understand why education can be
translated to higher earnings.
b. The HCT theory is helpful because it helps us understand the relationship between
education and productivity
c. The HCT theory suggests that education is valuable because it enhances a person’s
stock of human capital
d. According to the HCT theory, education is valuable because it helps employers to better
match workers with jobs.
Question text
Michael is denied a job working as a nurse only because he is a male, despite possessing
the right qualifications. This is an example of …
a. None of the given options
b. Before-the-market discrimination
c. Human capital discrimination
d. Wage discrimination
Question text
Which of the following is NOT a prediction of human capital theory?
a. University attendance increases if the gap between the earnings of university graduates
and high school graduates remains constant.
b. University attendance increases if direct cost decreases
c. Forward-looking people are more likely to go to university
d. University attendance increases if indirect cost decreases
Question text
Use the information in the following table to calculate the vacancy rate:
Vacancies 100 000
Employment 400 000
Unemployment 600 000
a. 20.00%
b. 25.00%
c. 15.00%
d. 66.66%
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