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Hrd 047: Labour Economics Question Paper

Hrd 047: Labour Economics 

Course:Diploma In Human Resource Development

Institution: Kenyatta University question papers

Exam Year:2012



DATE: Tuesday 3rd April 2012

TIME:
8.00a.m – 10.00a.m

INTRUCTIONS
Answer question 1 (Compulsory) and TWO other questions

1. a)
Explain with examples the meaning of ‘a labor market’.

[8marks]
b)
What distinct features make labor different from other commodities?











[10marks]
c)
Explain the factors that influence the demand and supply of labor in markets.










[12marks]

2. a)
Define the term ‘labor force’.




[2marks]
b)
Describe the two broad groups which make up the total population. [4marks]
c)
State and explain the three types of unemployment.

[6marks]
d)
Describe the four instances when unemployment may occur.
[8marks]

3. a)
Explain the TWO characteristics for each of the following:
i)
Unemployment





[4marks]
ii)
Unemployment





[4marks]
b)
What are the reasons for unemployment.



[8marks]
c)
Explain the factors that may cause employment or unemployment. [4marks]

Page 1 of 2

4. a)
Describe the following economic systems:
i)
A pure market economy
ii)
A pure command economy
b)
Discuss with examples the following systems:

i)
Capitalism






[2marks]

ii)
Communism





[2marks]
iii)
Socialism






[2marks]
c)
What economic system does Kenya follow? Give reasons for your answer.










[10marks]


Page 2 of 2




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