Improved labour efficiency can be measured by?
A. an increase in output-input ratio B. a decrease in output-input ratio C. the constancy of input-output ratio D. an increase in input-output ratio Correct Answer: Option A – an increase in output-input ratio
The Malthusian theory of population growth is often said to be?
A. ambiguous B. oversimplified C. pessimistic D. optimistic Correct Answer: Option C – pessimistic
The equilibrium wage in an economy is determined by the?
A. public service B. worker’s union C. rate of inflation D. supply and demand for labour Correct Answer: Option D – supply and demand for labour
If the growth rate of available resources continuously outpaces that of the population; a country will eventually experience?
A. maximum population B. underpopulation C. overpopulation D. optimum population Correct Answer: Option B – underpopulation
The middlemen in the chain of distribution are?
A. manufacturers and consumers B. wholesalers and retailers C. consumers and wholesalers D. retailers and consumers Correct Answer: Option B – wholesalers and retailersProducts
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