Advertisements
Online Mock Tests
Chapters
2: National Income
▶ 3: Theories of Employment and Income
4: Consumption and Investment Functions
5: Monetary Economics
6: Banking
7: International Economics
8: International Economic Organisations
9: Fiscal Economics
10: Environmental Economics
11: Economics of Development and Planning
12: Introduction to Statistical Methods and Econometrics
![Samacheer Kalvi solutions for Economics [English] Class 12 TN Board chapter 3 - Theories of Employment and Income - Shaalaa.com](/images/economics-english-class-12-tn-board_6:5f2b1b2038084cf381bfa42c826a928c.jpg "Samacheer Kalvi solutions for Economics [English] Class 12 TN Board chapter 3 - Theories of Employment and Income")
Advertisements
Solutions for Chapter 3: Theories of Employment and Income
Below listed, you can find solutions for Chapter 3 of Tamil Nadu Board of Secondary Education Samacheer Kalvi for Economics [English] Class 12 TN Board.
Samacheer Kalvi solutions for Economics [English] Class 12 TN Board 3 Theories of Employment and Income Model Questions [Pages 48 - 51]
Part A - Multiple choice questions
Every able-bodied person who is willing to work at the prevailing wage rate is employed called as______.
Full employment
Under employment
Unemployment
Employment opportunity
Structural unemployment is a feature in a
Static society
Socialist society
Dynamic society
Mixed economy
In disguised unemployment, the marginal productivity of labour is______.
Zero
One
Two
Positive
The main contention of the Classical Economic Theory is______.
Under employment
Economy is always in the state of equilibrium
Demand creates its supply
Imperfect competition
J.B. Say is a______.
Neo Classical Economist
Classical Economist
Modern Economist
New Economist
According to Keynes, which type of unemployment prevails in a capitalist economy?
Full employment
Voluntary unemployment
Involuntary unemployment
Under employment
The core of the classical theory of employment is______.
Law of Diminishing Return
Law of Demand
Law of Markets
Law of Consumption
Keynes attributes unemployment to______.
A lack of effective supply
A lock of effective demand
A lack of both
None of the above
______ Flexibility brings equality between saving and investment.
Demand
Supply
Capital
Interest
______theory is a turning point in the development of modern economic theory.
Keynes’
Say’s
Classical
Employment
The basic concept used in Keynes Theory of Employment and Income is______.
Aggregate demand
Aggregate supply
Effective demand
Marginal Propensity Consume
The component of aggregate demand is______.
Personal demand
Government expenditure
Only export
Only import
Aggregate supply is equal to______.
C + I + G
C + S + G + (x-m)
C + S + T + (x-m)
C + S + T + Rf
Keyne's theory pursues to replace laissez faire by ______.
No government intervention
Maximum intervention
State intervention in certain situation
Private sector intervention
In Keynes's theory of employment and income, ………….. is the basic cause of economic depression.
Less production
More demand
Inelastic supply
Less aggregate demand in relation to productive capacity.
Classical theory advocates______.
Balanced budget
Unbalanced budget
Surplus budget
Deficit budget
Keynes's theory emphasized on ______ equilibrium.
Very short run
Short-run
Very long run
Long run
According to classical theory, the rate of interest is a reward for______.
Investment
Demand
Capital
Saving
In Keynes's theory, the demand for and supply of money are determined by ______.
Rate of interest
Effective demand
Aggregate demand
Aggregate supply
Say’s law stressed the operation of ______in the economy.
Induced price mechanism
Automatic price mechanism
Induced demand
Induced investment
Part B - Answer the following questions in one or two sentences
Define full employment.
What is the main feature of rural unemployment?
Give a short note on frictional unemployment.
Give reasons for labour retrenchment in the present situation.
List out the assumptions of Say’s law.
What is effective demand?
What are the components of aggregate supply?
Part C - Answer the following questions in about a page
Write the following in short.
Seasonal unemployment
Write the following in short.
Frictional unemployment
Write the following in short.
Educated unemployment
According to the classical theory of employment, how to wage reduction solve the problem of unemployment diagramatically explain.
Write short note on the implications of Say’s law.
Explain Keynes’ theory in the form of a flow chart.
What do you mean by aggregate demand?
Mention its components.
Aggregate demand
Explain aggregate supply with the help of a diagram.
Write any five differences between classism and Keynesianism.
Part D - Answer the following question
Describe the types of unemployment.
Critically explain Say’s law of market.
Narrate the equilibrium between ADF and ASF with a diagram.
Explain the differences between classical theory and Keynes theory
Solutions for 3: Theories of Employment and Income
Samacheer Kalvi solutions for Economics [English] Class 12 TN Board chapter 3 - Theories of Employment and Income
Shaalaa.com has the Tamil Nadu Board of Secondary Education Mathematics Economics [English] Class 12 TN Board Tamil Nadu Board of Secondary Education solutions in a manner that help students grasp basic concepts better and faster. The detailed, step-by-step solutions will help you understand the concepts better and clarify any confusion. Samacheer Kalvi solutions for Mathematics Economics [English] Class 12 TN Board Tamil Nadu Board of Secondary Education 3 (Theories of Employment and Income) include all questions with answers and detailed explanations. This will clear students' doubts about questions and improve their application skills while preparing for board exams.
Further, we at Shaalaa.com provide such solutions so students can prepare for written exams. Samacheer Kalvi textbook solutions can be a core help for self-study and provide excellent self-help guidance for students.
Concepts covered in Economics [English] Class 12 TN Board chapter 3 Theories of Employment and Income are Introduction to Full Employment, Meaning of Full Employment, Unemployment and Its Types, Classical Theory of Employment, Keynes’ Theory of Employment and Income, Effective Demand, Comparison of Classicism and Keynesianism.
Using Samacheer Kalvi Economics [English] Class 12 TN Board solutions Theories of Employment and Income exercise by students is an easy way to prepare for the exams, as they involve solutions arranged chapter-wise and also page-wise. The questions involved in Samacheer Kalvi Solutions are essential questions that can be asked in the final exam. Maximum Tamil Nadu Board of Secondary Education Economics [English] Class 12 TN Board students prefer Samacheer Kalvi Textbook Solutions to score more in exams.
Get the free view of Chapter 3, Theories of Employment and Income Economics [English] Class 12 TN Board additional questions for Mathematics Economics [English] Class 12 TN Board Tamil Nadu Board of Secondary Education, and you can use Shaalaa.com to keep it handy for your exam preparation.
