Question # 1

Underemployment of labour means

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a worker does not get full time job

a worker is not happy with present job

a person does not get job according to his qualification

a and c of above

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

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labour

skill

experience

services

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

In Pakistan rate of labour participation is

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13%

23%

33%

43%

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

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

Assumptions of a law are called:

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Constant

Parameters

Variables

Dependent variable

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

Rickshaw has replaced tonga as local transport. As a result the tongs-drivers have become unemployed. Such unemployment is called

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structural

frictional

seasonal

personal

x = 5 y^-1 this is a.

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Constant function

Explicit function

Inverse function

Decreasing 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

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

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