| 1 |
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
|
| 2 |
If marginal product of labour rises because of new technology |
- A. wages will rise
- B. wages will fall
- C. wages will be unaffected
- D. may raise or fall
|
| 3 |
Long-run supply curve of labour is. |
- A. Negatively stoped
- B. Positively sloped
- C. Parallel to the horizontal axis
- D. Parallel to vertical axis
|
| 4 |
The main object of trade unions is to: |
- A. Strength the bargaining position of labour
- B. Get jobs for the employed persons
- C. Get recreational facilities
- D. Get free meals
|
| 5 |
One of the cause of low wage rate in Pakistan is: |
- A. Population explosion
- B. Labour policy
- C. Lack of monility of labour
- D. Lack of natural resources
|
| 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 |
He cannot be unemployed |
- A. policeman
- B. beggar
- C. mikman
- D. bank officer
|
| 8 |
The minimum wage is an example of |
- A. price floor
- B. price ceiling
- C. equilibrium wage
- D. efficiency of labour
|
| 9 |
Minimum wage rate of labour is fixed by : |
- A. Government
- B. Trade unions
- C. Entrepreneurs
- D. Labourers
|
| 10 |
Marginal land or no rent land is the land which: |
- A. Covers the cost of productions only
- B. Determines rent of the superiorlands
- C. Both a & b
- D. None of the three
|
