Quiz for ut iii pps

543 views

Published on


Read and mark the correct response on the OMR sheets

Published in: Education
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
543
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
0
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Quiz for ut iii pps

  1. 1. ShajuGeorge Quiz for the Unit Test III
  2. 2. Shaju George1. The wages of carpenters will tend to rise ifa. The supply of carpenters fallsb. Their productivity risesc. The price of wooden products fallsd. Demand for plastic products rises
  3. 3. Shaju George 2. The best explanation for the rise in demand for labour from Dn to DN1 is: 1. A fall in wagesWage rate 2. A fall in the price of the product they produce 3. An increase in unemployment 4. Increasing productivity of labour DN1 DN Quantity of labnour employed
  4. 4. ShajuGeorge 3. Disposbale in come is a. Gross income before tax b. Personal income c. Taxable income d. Personal income after taxes on income are deducted.
  5. 5. ShajuGeorge 4. Which of the following is most likely to lead to a fall in the savings ratio?a. An increase in taxesb. A cut in interest ratec. A cut in borrowingd. A fall in people’s propensity to consume
  6. 6. 5. The supply curve on the leftShaju shows thatGeorge a. Wages fall as the amount of Sn labour increases b. A rise in wages reduces the size of the working population c. After a certain level of wages labour chooses more leisure than work d. Supply rises as wages fall Quantity of labour employed per period
  7. 7. ShajuGeorge 6. The supply of labour to an occupation will tend to rise when: a. Promotion prospects improve b. There are fewer perks c. Holiday entitlement is cut d. Unemployment benefit rises
  8. 8. ShajuGeorge 7. Which one of the following is the least likely explanation for the observed increase in consumer spending on leisure goods and services over time in many countries? 1. Increasing real disposable income per head. 2. Consumers want healthier lifestyles 3. Increasing levels of personal debt 4. Increased Wealth
  9. 9. ShajuGeorge 8. Which one of the following types of household is most likely to spend the highest proportion of its disposable income? a. High income, middle aged with no children b. Low income, young single parent with young children. c. Middle income, young children person, no children. d. High income, middle-aged couple with two grown-up children.
  10. 10. ShajuGeorge 9. Which of the following is a non-economic reason why women may earn less than male employees? A. They may be discriminated against. B. They undertake more part-time work C. Married women may be less mobile than men D. They take more career breaks to raise children
  11. 11. Shaju George 10. What has happened in the diagram to the equilibrium wage and employment?Wage Rate a. Wages and employment have Sn1 Dn risen Sn b. Wages and employment have fallen c. Wages have risen; employment has fallen d. Wages have fallen; employment has risen. Quantity of labour per period
  12. 12. Shaju 11. Personal borrowing has increased in manyGeorge countries. Which on of the following factors is the most likely explanation? A. Higher real interest rates. B. Reduced personal wealth. C. Increased availability of credit D. Increased public sector borrowing
  13. 13. ShajuGeorge 12. The savings ratio in an economy measures; A. Deposits in banks as proportion of total savings. B. Total savings as proportion of gross household income C. Long-term savings relative to total savings. D. Total savings as proportion of total disposable income
  14. 14. ShajuGeorge 13. Disposable income will tend to rise if: a. Indirect taxes are reduced b. Interest rates are cut c. Price inflation falls d. Direct taxes are reduced
  15. 15. Shaju 14. Which of the following changes isGeorge most likely to attract an increase in the supply of labour to engineering professions? a. An increase in training requirements b. An increase in holiday entitlements c. An increase in contracted hours of work d. A cut in income taxes
  16. 16. ShajuGeorge 15. Which one of the following can be defined as a secondary industry? A. Insurance services B. Coal mining C. Paper making D. Banking
  17. 17. ShajuGeorge 16. Which one fo the following reasons will not help explain why small firms exist and survive? a. Lack of finance b. Consumers lime personalized service c. Government financial help d. Low start-up costs
  18. 18. ShajuGeorge 17. Which of the following is unlikely to raise productivity in a firm? a. Training workers in new skills b. Performance related pay c. Investing in new equipment d. Reducing overtime working
  19. 19. ShajuGeorge 18. A firm employs 25 full-time employees. They produce 500 tee-shirts each week. What is their average labour productivity? a. 25 b. 500 c. 20 d. 12500
  20. 20. ShajuGeorge 19. Which of the following reasons can explain why a firm may substitute capital for labour in production? a. Wage fall b. The cost of borrowing rises c. Consumer demand rises d. The productivity of labour falls
  21. 21. ShajuGeorge 20. Which of the following mergers between two firms is an example of vertical integration? a. A bank and an insurance company b. A car rental firm and a car maker c. A tin mine and a coal mine d. A restaurant and a hot food take- away
  22. 22. ShajuGeorge Output per Total cost Total week ($) Revenue ($) A 1000 10000 13000 B 2000 16000 30000 C 3000 18000 42000 D 4000 28000 56000 21.At what level of output is average cost at a minimum? 22.At what level of output is average at a maximum? 23. At what level of output is profit maximized
  23. 23. ShajuGeorge 24. Which of the following is a variable cost of production? A. Purchase of component parts. B. Insurance premiums C. Loan repayments D. Computer repair costs
  24. 24. ShajuGeorge 25. A firm A firm expands its scale of production by investing in additional factory space and machinery. What is the most likely impact of this decision on costs?  A. Variable costs will fall  Fixed costs will rise  Total costs will be unchanged  Average costs will rise.
  25. 25. Shaju George 26. On the graph, what level of output represents the beak-even point of production? Total Revenue TotalCosts ($) Revenue Variable Cost Fixed Cost A B C D Output Per Period
  26. 26. Shaju 27. Average cost of producing 200George compact discs is: Total output of Total Costs compact discs 0 $ 100 100 $ 800 200 $ 1500 300 $ 2200 400 $ 2900 500 $ 3600 600 $ 4300 A. $7 B. $70 C. $7.5 D. $1500
  27. 27. ShajuGeorge 28. The fixed cost of productin are Total output of Total Costs compact discs 0 $ 100 100 $ 800 200 $ 1500 300 $ 2200 400 $ 2900 500 $ 3600 600 $ 4300 A. $1 B. $10 C. $100 D. $800
  28. 28. ShajuGeorge 29. The variable cost of producing a compact disc is; Total output of Total Costs compact discs 0 $ 100 100 $ 800 200 $ 1500 300 $ 2200 400 $ 2900 500 $ 3600 600 $ 4300 A. $ 7 B. $8 C. $ 7.5 D. $ 7.20
  29. 29. ShajuGeorge 30. If the company produces 500 compact discs and wanted to make a $ 1400 profit from their sale, the price of each disc must be; Total output of Total Costs compact discs 0 $ 100 100 $ 800 200 $ 1500 300 $ 2200 400 $ 2900 500 $ 3600 600 $ 4300 A. $5 B. $10 C. $2.8 D. $7.20
  30. 30. Shaju 31. If a firm doubles all its factor inputs ofGeorge land, labour and capital, and output more than doubles, we can say the firm has experienced. A. Constant returns to scale B. Diminishing returns to scale C. Decreasing Returns to scale D. Increasing Returns to scale
  31. 31. ShajuGeorge 32
  32. 32. ShajuGeorge 33
  33. 33. ShajuGeorge 34
  34. 34. ShajuGeorge 35
  35. 35. ShajuGeorge 36
  36. 36. ShajuGeorge 37
  37. 37. ShajuGeorge 38
  38. 38. ShajuGeorge 39
  39. 39. ShajuGeorge 40
  40. 40. ShajuGeorge 41
  41. 41. ShajuGeorge 42
  42. 42. ShajuGeorge 43
  43. 43. ShajuGeorge 44
  44. 44. ShajuGeorge 45
  45. 45. ShajuGeorge 46
  46. 46. ShajuGeorge 47
  47. 47. ShajuGeorge 48
  48. 48. ShajuGeorge 49
  49. 49. ShajuGeorge 50
  50. 50. ShajuGeorge 51
  51. 51. ShajuGeorge 52
  52. 52. ShajuGeorge 53
  53. 53. ShajuGeorge 54
  54. 54. ShajuGeorge 55
  55. 55. ShajuGeorge 56
  56. 56. ShajuGeorge 57
  57. 57. ShajuGeorge 58
  58. 58. ShajuGeorge 59
  59. 59. ShajuGeorge 60

×