WHSS Economics: Wages & Labor
Quiz
•
Fun
•
11th Grade
•
Medium
Mohammad Husain
Used 18+ times
FREE Resource
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20 questions
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1.
MULTIPLE CHOICE QUESTION
2 mins • 1 pt
The table shows the change in real incomes for a number of occupations between 1985 and 2015. What can be concluded from the table?
A All occupations were better off in 2015 than in 1985.
B Fork-lift truck drivers earned the lowest wages in 2015.
C Doctors have earned more than lawyers since 1985.
D Professionals received higher percentage increases in income than manual workers.
A
B
C
D
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The diagram shows the fixed costs, variable costs and total costs of a firm. Which distance represents the firm’s fixed costs? A WX B WY C XY D XZ
A
B
C
D
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
A large bakery buys a flour mill. Which form of integration is this?
A conglomerate
B horizontal
C vertical backwards
D vertical forwards
A
B
C
D
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The retail store Woolworth’s has expanded the range of products it sells to include sweets, toys and compact discs. What term describes this change?
A diversification
B integration
C merger
D specialisation
A
B
C
D
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a company fixed costs are a high proportion of the total costs. What will result in the short run if production is cut by 50%?
A Average costs will rise.
B Fixed costs will fall.
C Total costs will remain constant.
D Variable costs will rise.
A
B
C
D
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In a country, male workers on average earn more than female workers, although male and female workers receive equal pay for equal work. What could explain this?
A Female workers are more experienced.
B Female workers are more likely to achieve promotion.
C Male workers are more likely to be in trade unions.
D Male workers have fewer qualifications.
A
B
C
D
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which trade union action is most likely to have harmful effects on the productivity of a firm?
A acceptance of new technology
B agreement to a bonus system
C opposition to planned redundancies
D participation in a profit-sharing scheme
A
B
C
D
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