Economics MCQS with Answers 1st Year Chapter 8

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Economics MCQS with Answers 1st Year


x = f (y).
None of the three
x and y are dependents variables.
x is a dependent variable.
y is a dependent variables

To reduce unemployment the govt. may
reduce mobility of labour
reduce minimum wages
reduce money supply
increase government spending

The human effort applied to the production of goods is called in economics
labour
experience
services
skill

Labour force participation rate is the
proportion of female workers to male workers
proportion of skilled workers
proportion of population aged above 20
proportion of population that is working

The set of skills and abilities that workers possess for production of goods and serves is
wealth
motivation
natural talent
human capital

Mobility of labour
a and c of above
increases division of labour
increases efficiency of labour
decreases wages of labour

If a farmer moves from village to a town and establishes a small factory, it is a kind of mobility
all of the above
geographical
occupational
social

About labour we can say with certainty that it is
Perishable
all of the above
Hirable
Reliable

Labour input includes
innovator
inventor
unskilled worker
all of the above

They are included in labour expect
office clerk
students
college principle
professors

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