Hrd 047:Labour Economics Question Paper

Hrd 047:Labour Economics

Course:Diploma In Human Resource Development

Institution: Kenyatta University question papers

Exam Year:2012

KENYATTA UNIVERSITY
UNIVERSITY EXAMINATIONS 2011/2012
SECOND SEMESTER EXAMINATION FOR DIPLOMA IN HUMAN RESOURCE DEVELOPMENT

HRD 047:LABOUR ECONOMICS
DATE:TUESDAY,3RD APRIL,2012
TIME:8.00AM-10.00AM

INSTRUCTIONS:
Answer question ONE (compulsory) and TWO other questions.

1.(a)Explain with examples the meaning of a "labour market." [8 marks]

(b)What distinct features make labour different from other commodities [10 marks]

(c)Explain factors that influence the demand and supply of labour in the markets.[12 marks]

2.
(a)Define the term "labour force" [2 marks]

(b)Describe two broad groups which make up the total population [4 marks]

(c)State and explain the three types of unemployment.[6 marks]

(d)Describe the four instances when unemployment may occur [8 marks]

3.
(a)Explain TWO characteristics for each of the following:
(i)Underemployment [4 marks]

(ii)unemployment [4 marks]

(b)What are the reasons for unemployment [8 marks]

(c)Explain the factors that may cause employment or unemployment [4 marks]

4.
(a)Describe the following economic systems:
(i)A pure market economy

(ii)A pure command economy.[total:4 marks]

(b)Discuss with examples the following systems:
(i)Capitalism [2 marks]

(ii)Communism [2 marks]

(iii)Socialism [2 marks].

(c)What economic system does Kenya follow?Give reasons for your answer [10 marks]

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