Economics MCQS with Answers 1st Year Chapter 8

An example of labour is

computer engineer

jogger

all of the above

gambler

Specialization of labour has the advantage.

increased production

a and b of above

increases in self-sufficiency

introduction of new technology

All labour is

homogeneous

lazy

intelligent

heterogeneous

Underemployment of labour means

a worker is not happy with present job

a and c of above

a person does not get job according to his qualification

a worker does not get full time job

According to Malthus, population increase by

arithmetic progression

systematic progression

automatic progression

geometric progression

Assumptions of a law are called:

Constant

Dependent variable

Parameters

Variables

x² – y² = 10 This function can be termed as .

Expicit function

Linear function

Implicit function

Constant function

This is NOT the result of specialization

increased production

improvement in quality of product

increase in trade

increase in cost of production

Saqib graduated one month ago. He is still unemployed. His unemployment is

seasonal

frictional

structural

personal

y = 2^x is a.

Increasing function

Linear equation

Log function

Exponential function