Determination Of Wages, Interest, And Profits Of Factors Of Production Jamb Economics Past Questions
Question 1
Efficiency of labour in a country is determined by the following except the____________
- A. Social attitude to work
- B. Education and training
- C. Total population
- D. Working conditions of workers
Question 2
The reward for capital is___________
- A. Interest
- B. Rent
- C. Risk
- D. Premium
Question 3
What is meant by labour supply?
- A. Number of people in working population
- B. Number of men and hours they work
- C. Number of hours during which the middle aged persons work
- D. Number of workforce multiplied by the hours they work
