| 1 |
y = 20-5 x this function is. |
- A. Increasing function
- B. Decreasing function
- C. Constant function
- D. Exponential function
|
| 2 |
Assumptions of a law are called: |
- A. Constant
- B. Parameters
- C. Variables
- D. Dependent variable
|
| 3 |
Labour force participation rate is the |
- A. proportion of population that is working
- B. proportion of population aged above 20
- C. proportion of skilled workers
- D. proportion of female workers to male workers
|
| 4 |
The human effort applied to the production of goods is called in economics |
- A. labour
- B. skill
- C. experience
- D. services
|
| 5 |
Specialization of labour has the advantage. |
- A. increased production
- B. introduction of new technology
- C. increases in self-sufficiency
- D. a and b of above
|
| 6 |
Saqib graduated one month ago. He is still unemployed. His unemployment is |
- A. structural
- B. frictional
- C. seasonal
- D. personal
|
| 7 |
An example of labour is |
- A. gambler
- B. jogger
- C. computer engineer
- D. all of the above
|
| 8 |
This is <i>NOT</i> the result of specialization |
- A. increased production
- B. improvement in quality of product
- C. increase in cost of production
- D. increase in trade
|
| 9 |
Optimum population is defined by the economists as the level of population at which |
- A. death rate equals birth rate
- B. labour productivity is maximized
- C. country achieves food self sufficiency
- D. national income per head is maximesed
|
| 10 |
About labour we can say with certainty that it is |
- A. Perishable
- B. Hirable
- C. Reliable
- D. all of the above
|
