WHSS Economics: Wages & Labor

WHSS Economics: Wages & Labor

11th Grade

20 Qs

quiz-placeholder

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WHSS Economics: Wages & Labor

WHSS Economics: Wages & Labor

Assessment

Quiz

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11th Grade

Medium

Created by

Mohammad Husain

Used 18+ times

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20 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Media Image

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

Media Image

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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