ECS2603 EXAM PACK 2027 {DETAILED QUESTIONS AND ANSWERS }

Mastervincent



HRM3706 SUMMARISED NOTES




ECS2603 EXAM
PACK 2027



FOR ASSISTANCE CONTACT





, lOMoARcPSD|48011787




Question 1
Correct
Mark 2.00 out of 2.00

Flag question

Question text
The most widely used productivity concept is the ratio between output and the capital input
used to produce that output.
True
False
Feedback
Your answer is correct.
The most widely used productivity concept is the ratio between output and the labour input
used to produce that output.
The correct answer is: False

Question 2
Incorrect
Mark -1.00 out of 2.00

Flag question

Question text
The capital-output ratio is an example of a ratio between two stocks.
True
False
Feedback
Your answer is incorrect.
The correct answer is: False

Question 3
Incorrect
Mark -1.00 out of 2.00

Flag question

Question text
If the index of real wages increases from 100 in Year 1 to 105 in Year 2, it follows that
nominal wages increased faster than prices between Year 1 and Year 2.
True
False
Feedback
Your answer is incorrect.
The correct answer is: True

Question 4
Correct




Downloaded by Vincent kyalo ()