Economics MCQs For Lectureship CSS PMS And NTS Part VI
51 Which is an important idea for predicting economic changes?
Equilibrium
52 The three productive resources are land, labor and
Capital
53 Production is the transformation of resources into
Economic goods and services
54 Output are the economic goods produced by firms
Firms
55 How many factors do we need for the production of goods?
4 (Four)
56 With the increases in production the standard of living of a country
Rises
57 With intensive cultivation, the productivity of a land can be
Increased
58 According to Malthus population increases by which kind of progression?
Geometric
59 Structural Unemployment due to mechanization of
Agriculture
60 The Proportion of population working or looking for work is the labor force
Participation rate
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