Agriculture employs about ____ of the total labor-force?

Related Mcqs:

1. If the economy is in the expansionary phase of the business cycle, aggregate demand ____ unemployment ____ inflation ____ payments is likely to move towards ____?

   A. falls; rise; falls; surplus
   B. is static; low; rise; deficit;
   C. falls; falls; falls; surplus
   D. rise; falls; rises; deficit

2. Out of the total land area of Pakistan the total land area of Punjab is 20.6 mha (about 50.90 million acres) out of which ____ are cultivated?

   A. 54 % or 11.04 mha
   B. 57 % or 12.00 mha
   C. 58 % or 12.04 mha
   D. 59 % or 13.04 mha

3. Which of the following is true with regard to a tax on labor income? Taxes on labor income tend to encourage ?

   A. the unscrupulous to enter the underground economy
   B. the elderly to retire early.
   C. all the things described in these answers.
   D. second earners to stay home.
   E. workers to work fewer hours

4. Assume that Country A is relatively abundant in labor and Country B is relatively abundant in land Note that wages are the returns to labor and rents are the returns to land According to the factor price equalization theorem, once Country A begins specializing according to comparative advantage and trading with Country B: A. wages and rents should fall in Country A B. wages and rents should rise in Country A C. wages should rise and rents should fall in Country A D. wages should fall and rents should raise in Country A ?

   XA. wages and rents should fall in Country A
   B. wages and rents should rise in Country A
   C. wages should rise and rents should fall in Country A
   D. wages should fall and rents should raise in Country A

5. one of the tenets of the classical view of the labor market is that the wage adjustments that are necessary to clear the labor market occur ?

   A. quickly
   B. slowly
   C. very infrequently
   D. instantly

6. The neoclassical theory of growth identifier the steady state rate of growth as the ____ just sufficient to keep _____ constant while labor grows?

   A. saving, investment
   B. capital per person, productivity
   C. labor growth, output
   D. investment capital per person

7. Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?

   A. decreases, decreases
   B. decreases, increases
   C. increases, decreases
   D. increases, increases

8. An optimal tariff is one which reduces imports to the level at which ____ equals ____?

   A. imports, exports
   B. the balance of trade, zero
   C. The demand for currency the supply of currency
   D. social marginal cost, social marginal benefit

9. Automatic stabilisers act to ____ government expenditures and ____ government revenues during recessions ?

   A. increase: increase
   B. decrease; decrease
   C. increase; decrease
   D. decrease; increase

10. Antimonopoly legislation is undertaken to ____ competition and market regulation is undertaken to ____ competition ?

    A. restrict; promote
    B. restrict; restrict
    C. promote; promote
    D. promote; restrict