Question # 1

They are included in labour expect

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college principle

professors

office clerk

students

Optimum population is defined by the economists as the level of population at which

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death rate equals birth rate

labour productivity is maximized

country achieves food self sufficiency

national income per head is maximesed

To reduce unemployment the govt. may

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reduce money supply

reduce mobility of labour

reduce minimum wages

increase government spending

About labour we can say with certainty that it is

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Perishable

Hirable

Reliable

all of the above

An example of labour is

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gambler

jogger

computer engineer

all of the above

Estimate of Pakistan's population for 2013 is

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185 million

285 million

385 million

485 million

According to Malthus, population increase by

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arithmetic progression

geometric progression

systematic progression

automatic progression

If a farmer moves from village to a town and establishes a small factory, it is a kind of mobility

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geographical

occupational

social

all of the above

The set of skills and abilities that workers possess for production of goods and serves is

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motivation

wealth

human capital

natural talent

y = 2^x is a.

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Log function

Linear equation

Exponential function

Increasing function

Unemployment due to mechanization of agriculture is

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seasonal

structural

industrial

personal

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

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structural

frictional

seasonal

personal

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

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Expicit function

Implicit function

Linear function

Constant function

x = f (y).

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x is a dependent variable.

y is a dependent variables

x and y are dependents variables.

None of the three

Which is NOT an advantage of division of labour

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workers spend less time moving from job to job

workers becomes dependent on other workers

workers become more efficient at performing repeated task

machinery is more easily introduced to perform simple tasks

Specialization of labour has the advantage.

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increased production

introduction of new technology

increases in self-sufficiency

a and b of above

Productivity of labour can be increased by

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raising minimum wages

reducing profits

increasing skills of workers

punishing absentee workers

Mobility of labour

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increases efficiency of labour

decreases wages of labour

increases division of labour

a and c of above

All labour is

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homogeneous

heterogeneous

lazy

intelligent

The human effort applied to the production of goods is called in economics

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labour

skill

experience

services

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Economics Ics Part 1 English Medium Chapter 8 Online Test MCQs With Answers

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