Which of the following is the most important reason why wages differ among occupations?
Length and cost of training
Supply of labour
Attractiveness of the job
Influence of trade unions
Government decision
Correct answer is B
No explanation has been provided for this answer.
The grouping of a population into males and females is known as the
Geographical distribution
Age distribution
Sex distribution
Man-woman distribution
Occupational distribution
Correct answer is C
No explanation has been provided for this answer.
Distribution is part of production because it
Makes goods and services available to the final consumer
Transport the goods from place to place
Offers employment to people
Encourages the provision of good roads, waterways and railways
Links the consumer with the producer
Correct answer is A
No explanation has been provided for this answer.
In a rapidly growing economy where human labour is being replaced by machines, there is likely to be
Classical unemployment
Frictional unemploymen
Seasonal unemployment
Residual unemployment
Cyclical unemployment
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not correct?
Population refers to number of people living in a place
The population of a place is not static
Population is known through a census
Population is affected by the amount of money in circulation
Population can be affected by natural disaster
Correct answer is D
No explanation has been provided for this answer.