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Economics multiple choice questions?

  
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Economics multiple choice questions?

Postby thom » Mon Mar 19, 2012 11:01 am

1. Which of the following are included in the labor force?

A Children who will be future laborers.
B Stay-at-home mothers who labor tirelessly.
C Only those who do manual labor or other heavy industry labor.
D Anyone working or looking for work who is over 16 years of age.

2. As the demand for American automobiles decreased, the demand for autoworkers

A increased
B decreased
C stayed the same
D skyrocketed

3. What determines wages?

A Supply of laborers
B Demand for laborers
C Supply and demand
D laborers

4. Median income means

A discretionary income
B income that the top one percent of the population makes
C half the population earns more and half earns less
D the income that the middle-class population makes annually

5. Generally, the more skills, training, and education a job requires,

A the more wages are the same because school and training cost so much.
B the higher the wages.
C the lower the wages.
D the larger the labor pool.

6. The use of machinery to replace human labor is called

A automation
B liquidation
C fixation
D capitalization

7. An example of a new type of job that has been created by technology in the last 30 years is

A autoworkers
B computer programmers
C construction workers
D steel workers

8. Better capital resources can help workers get higher wages by

A decreasing productivity and increasing revenues.
B increasing productivity but decreasing profits.
C increasing productivity and profits.
D decreasing productivity but making workers jobs much easier.

9. The minimum wage that workers must be paid is set by

A Workers
B Employers
C the governor
D Congress

10. Teenagers receive the same wage as older workers because of the _______________________ law.

A supply and demand
B productivity
C subminimum wage
D minimum wage

Please please please please i beg beg you please please give me the right answers please i beg beg you please and thank you
thom
 
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