Every able bodied person who is willing to work at the prevailing wage rate is employed called as ___________

(a)

Full employment

(b)

Under employment

(c)

Unemployment

(d)

Employment opportunity

Structural unemployment is a feature in a _____________

(a)

Static society

(b)

Socialist society

(c)

Dynamic society

(d)

Mixed economy

In disguised unemployment, the marginal productivity of labour is _________

(a)

Zero

(b)

One

(c)

Two

(d)

Positive

The main concention of the Classical Economic Theory is____________

(a)

Under employment

(b)

Economy is always in the state of equilibrium

(c)

Demand creates its supply

(d)

Imperfect competition

J.B. Say is a ___________

(a)

Neo Classical Economist

(b)

Classical Economist

(c)

Modern Economist

(d)

New Economist