| 1 |
Union leaders are in better position bargain for higher wages if demand for labour is |
- A. elastic
- B. inelastic
- C. very large
- D. permanent
|
| 2 |
Minimum wage rate of labour is fixed by : |
- A. Government
- B. Trade unions
- C. Entrepreneurs
- D. Labourers
|
| 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 |
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
|
| 5 |
A firm maximizes profit of |
- A. MRP = wage rate
- B. MRP = ARP
- C. MRP is rising
- D. TRP = wages
|
| 6 |
The theory of optimum population was presentd by: |
- A. Cannon
- B. Hicks
- C. Keynes
- D. Malthus
|
| 7 |
A producer will employ workers up to the point where its MRP becomes |
- A. ARP
- B. current wage rate
- C. negative
- D. equal to profit
|
| 8 |
Who is unemployed |
- A. housewife
- B. college student
- C. a peer who lives on gifts from mureeds
- D. a freshly graduated engineer who is searching for a job
|
| 9 |
He cannot be unemployed |
- A. policeman
- B. beggar
- C. mikman
- D. bank officer
|
| 10 |
The minimum wage is an example of |
- A. price floor
- B. price ceiling
- C. equilibrium wage
- D. efficiency of labour
|
