[{"id":181102,"question":"Long-run supply curve of labour is.","choices":[{"text":"Negatively stoped","value":"A"},{"text":"Positively sloped","value":"B"},{"text":"Parallel to the horizontal axis","value":"C"},{"text":"Parallel to vertical axis","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181101,"question":"When labourers do not get jobs according to their qualification it will be :","choices":[{"text":"Unemployment","value":"A"},{"text":"Under employment","value":"B"},{"text":"Disguised unemployment","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181100,"question":"One of the cause of low wage rate in Pakistan is:","choices":[{"text":"Population explosion","value":"A"},{"text":"Labour policy","value":"B"},{"text":"Lack of monility of labour","value":"C"},{"text":"Lack of natural resources","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181099,"question":"Trade Unions in Pakistan are unable to get an increase in wage rates because of :","choices":[{"text":"Minimum wage law","value":"A"},{"text":"Low labour efficiency","value":"B"},{"text":"Capital intensive projects","value":"C"},{"text":"Lack of Natural resources","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181098,"question":"With an increase in the supply of labour wage rate will:","choices":[{"text":"Fall","value":"A"},{"text":"Increase","value":"B"},{"text":"Remain constant","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181097,"question":"If the rate of inflation goes up, the real wags of labourers will :","choices":[{"text":"Increase","value":"A"},{"text":"Decrease","value":"B"},{"text":"Remain the same","value":"C"},{"text":"Noe of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181096,"question":"The purchasing power of money alongwith the fringe benefits for a labour will detemine his/her:","choices":[{"text":"Nominal wage","value":"A"},{"text":"Gross wage","value":"B"},{"text":"Real wage","value":"C"},{"text":"Net wage","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181095,"question":"The demand for a factor is called.","choices":[{"text":"Composite demand","value":"A"},{"text":"Joint demand","value":"B"},{"text":"derived demand","value":"C"},{"text":"No demand","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181094,"question":"With an increase in wage rate supply of labour.","choices":[{"text":"Decrease","value":"A"},{"text":"Increase","value":"B"},{"text":"Remains constant","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181093,"question":"MRP curve of a firm represent demand curve of industry under.","choices":[{"text":"Imperfect compitition","value":"A"},{"text":"Monolopy","value":"B"},{"text":"Oligopoly","value":"C"},{"text":"Perfect competition","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":181092,"question":"The shape of marginal revenue product (MRP) curve is","choices":[{"text":"Inverted U","value":"A"},{"text":"Steeper","value":"B"},{"text":"Flatter","value":"C"},{"text":"Positive","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181091,"question":"One of the following is not assumption of the marginal productivity theory.","choices":[{"text":"All factors of production are present substitutes of each other.","value":"A"},{"text":"Law of increasing return applies in the production process.","value":"B"},{"text":"There is perfect mobility of factor of production","value":"C"},{"text":"Units of each factors of production are identical","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181090,"question":"The correlation between average wage (AW) and marginal wage (MW) under perfect competition is .","choices":[{"text":"AW = MW","value":"A"},{"text":"AW > MW","value":"B"},{"text":"AW < MW","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181089,"question":":It is not possible to separate marginal revenue product of each factor of production:. It was said by:","choices":[{"text":"Carver","value":"A"},{"text":"Hobson","value":"B"},{"text":"Hansen","value":"C"},{"text":"Hicks","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181088,"question":"\"The reward for a factor is determined by the marginal revenue product of the factor\" . it was said by:","choices":[{"text":"J.M. Keynes","value":"A"},{"text":"Taussing","value":"B"},{"text":"Hansen","value":"C"},{"text":"Carver","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181087,"question":"MRP curve of a factor represents the.","choices":[{"text":"Supply curve of the factor","value":"A"},{"text":"Demand curve of the factor","value":"B"},{"text":"Either demand or supply curve of the factor","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":181086,"question":"The demand for a factor depends on its.","choices":[{"text":"MRP","value":"A"},{"text":"ARP","value":"B"},{"text":"MRP = ARP","value":"C"},{"text":"MRP < ARP","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":181085,"question":"When MR = MC , a firm.","choices":[{"text":"Does not attain a equilibrium position","value":"A"},{"text":"Suffers from loss","value":"B"},{"text":"Attains its equilibrium position","value":"C"},{"text":"Attains profit","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181084,"question":"Total cost = Total variable cost in the.","choices":[{"text":"Marked period","value":"A"},{"text":"Short run","value":"B"},{"text":"Long run","value":"C"},{"text":"None of the three","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":181083,"question":"TR increase at a constant rate under:","choices":[{"text":"monopoly","value":"A"},{"text":"Monopolistic","value":"B"},{"text":"Perfect competition","value":"C"},{"text":"Oligopoly","value":"D"},{"value":"E"}],"correctAnswer":3}]