Question # 1

The reward of their services cannot be fixed

Choose an answer

wage earner

rent receiver

interest receiver

profit earner

If the rate of inflation goes up, the real wags of labourers will :

Choose an answer

Increase

Decrease

Remain the same

Noe of the three

Trade Unions in Pakistan are unable to get an increase in wage rates because of :

Choose an answer

Minimum wage law

Low labour efficiency

Capital intensive projects

Lack of Natural resources

The theory of optimum population was presentd by:

Choose an answer

Cannon

Hicks

Keynes

Malthus

Fixing of minimum wage

Choose an answer

raises demand for labour

raises profits

causes unemployment

is welcomed by employers

The minimum wage is an example of

Choose an answer

price floor

price ceiling

equilibrium wage

efficiency of labour

If marginal product of labour rises because of new technology

Choose an answer

wages will rise

wages will fall

wages will be unaffected

may raise or fall

Doctors get higher wages than clerks because

Choose an answer

doctors are in short supply

doctors have more respect in society

doctors are organised in trade unions

people fear doctor's displeasure

Marginal land or no rent land is the land which:

Choose an answer

Covers the cost of productions only

Determines rent of the superiorlands

Both a & b

None of the three

The main object of trade unions is to:

Choose an answer

Strength the bargaining position of labour

Get jobs for the employed persons

Get recreational facilities

Get free meals

Minimum wage rate of labour is fixed by :

Choose an answer

Government

Trade unions

Entrepreneurs

Labourers

A producer will employ workers up to the point where its MRP becomes

Choose an answer

ARP

current wage rate

negative

equal to profit

The supply of land is fixed whereas its Demand is increase day by day, the rent Produced in this way is:

Choose an answer

Differential rent

Scarcity rent

Quasi rent

Economic rent

Long-run supply curve of labour is.

Choose an answer

Negatively stoped

Positively sloped

Parallel to the horizontal axis

Parallel to vertical axis

Quasi rent can be obtained if:

Choose an answer

Supply of factor other than land, is temporarily fixed

There is difference in the fertility of land

The government legislate on it

Trade unions protest for it

Standard of living of workers depends upon their

Choose an answer

nominal wages

real wages

average product

govt. policy

He cannot be unemployed

Choose an answer

policeman

beggar

mikman

bank officer

More Classes

Other Links

Economics Ics Part 1 English Medium Chapter 16 Online Test MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer