UNISA 2023 ECS2604-23-S2 Welcome Message Assessment 1
QUIZ
Started on Monday, 21 August 2023, 10:09 AM
State Finished
Completed on Monday, 21 August 2023, 11:51 AM
Time taken 1 hour 41 mins
Marks 6.00/10.00
Grade 60.00 out of 100.00
Question 1 Which of the following is the definition of labour force.
Correct
Mark 1.00 out of a. The population of working-age people that is employed.
1.00
b. The population of working-age people that is employed and unemployed.
c.
Any person who is educated and employed.
d.
All the people in each economy working with better skills.
e.
Skilled or unskilled.
Your answer is correct.
The correct answer is:
The population of working-age people that is employed and unemployed.
Question 2
Which of the following is a normative question?
Correct
Mark 1.00 out of
1.00
a. What is the labour force numbers by gender in 2015?
b. What are the unemployment rates by province in 2016?
c. What is the difference between unemployment and underemployment?
d. Should minimum wage in the taxi industry be revised upwards next year?
Your answer is correct.
The correct answer is:
Should minimum wage in the taxi industry be revised upwards next year?
, Question 3
Study the following indifference curve graph below and answer question that follows:
Incorrect
Mark 0.00 out of
1.00
Figure 1
At which point is the consumer having a maximum level of satisfaction.
a. At point A
b. At point B
c. At point G
d. At point D
e. At point E
Your answer is incorrect.
The correct answer is:
At point B
Question 4
Study the following indifference curve graph below and answer the question that follows:
Correct
Figure 1
Mark 1.00 out of
1.00
The convexity of the indifference curve is indicated by?
a. Points A, B, C, H
b.
Points A, B, C, and E
c.
Points B and G
d.
Points A and H
e. Points A, B, G, D, E, and H
Your answer is correct.
The correct answer is:
Points A, B, G, D, E, and H
QUIZ
Started on Monday, 21 August 2023, 10:09 AM
State Finished
Completed on Monday, 21 August 2023, 11:51 AM
Time taken 1 hour 41 mins
Marks 6.00/10.00
Grade 60.00 out of 100.00
Question 1 Which of the following is the definition of labour force.
Correct
Mark 1.00 out of a. The population of working-age people that is employed.
1.00
b. The population of working-age people that is employed and unemployed.
c.
Any person who is educated and employed.
d.
All the people in each economy working with better skills.
e.
Skilled or unskilled.
Your answer is correct.
The correct answer is:
The population of working-age people that is employed and unemployed.
Question 2
Which of the following is a normative question?
Correct
Mark 1.00 out of
1.00
a. What is the labour force numbers by gender in 2015?
b. What are the unemployment rates by province in 2016?
c. What is the difference between unemployment and underemployment?
d. Should minimum wage in the taxi industry be revised upwards next year?
Your answer is correct.
The correct answer is:
Should minimum wage in the taxi industry be revised upwards next year?
, Question 3
Study the following indifference curve graph below and answer question that follows:
Incorrect
Mark 0.00 out of
1.00
Figure 1
At which point is the consumer having a maximum level of satisfaction.
a. At point A
b. At point B
c. At point G
d. At point D
e. At point E
Your answer is incorrect.
The correct answer is:
At point B
Question 4
Study the following indifference curve graph below and answer the question that follows:
Correct
Figure 1
Mark 1.00 out of
1.00
The convexity of the indifference curve is indicated by?
a. Points A, B, C, H
b.
Points A, B, C, and E
c.
Points B and G
d.
Points A and H
e. Points A, B, G, D, E, and H
Your answer is correct.
The correct answer is:
Points A, B, G, D, E, and H
