| 1 |
In which form the largest percentage of national income is earned |
- A. interest income
- B. proprietor's income
- C. employees' income
- D. rental income
|
| 2 |
Since marginal land does not yield rent therefore: |
- A. Rent is a part of piece
- B. Rent is not a part of price
- C. Rent determines price
- D. None of the three
|
| 3 |
With an increase in the supply of labour wage rate will: |
- A. Fall
- B. Increase
- C. Remain constant
- D. None of the three
|
| 4 |
The supply of land is fixed whereas its Demand is increase day by day, the rent Produced in this way is: |
- A. Differential rent
- B. Scarcity rent
- C. Quasi rent
- D. Economic rent
|
| 5 |
The theory of optimum population was presentd by: |
- A. Cannon
- B. Hicks
- C. Keynes
- D. Malthus
|
| 6 |
Doctors get higher wages than clerks because |
- A. doctors are in short supply
- B. doctors have more respect in society
- C. doctors are organised in trade unions
- D. people fear doctor's displeasure
|
| 7 |
Quasi rent is a: |
- A. Short-run phenomenon
- B. Long-run phenomenon
- C. Short and long run phenoomenon
- D. None of the three
|
| 8 |
Long-run supply curve of labour is. |
- A. Negatively stoped
- B. Positively sloped
- C. Parallel to the horizontal axis
- D. Parallel to vertical axis
|
| 9 |
One of the following NOT a assumption of the marginal productivity theory |
- A. units of factor are homogeneous
- B. mobility of factor
- C. low price of factor
- D. perfect competition
|
| 10 |
A firm maximizes profit of |
- A. MRP = wage rate
- B. MRP = ARP
- C. MRP is rising
- D. TRP = wages
|
