Economics MCQS with Answers 1st Year Chapter 8

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Economics MCQS with Answers 1st Year


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 = 2x is a.
Increasing function
Linear equation
Log function
Exponential function

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