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Some Determinants of Equilibrium Wage Quiz Questions and Answers PDF Download 22

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Quiz on Some Determinants of Equilibrium Wage PDF Download 22

Some Determinants of Equilibrium Wage Quiz

MCQ: The price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price is known as

  1. Nash equilibrium prices
  2. efficient prices
  3. premium prices
  4. market clearing prices

D

People face trade offs Quiz

MCQ: When we give up some product or service to get something we desire is known as

  1. psychology
  2. incentive
  3. trade off
  4. economics

C

Taxes & Efficiency Quiz

MCQ: A tax system that imposes small dead weight loss and also little of administrative burdens is known as

  1. effective tax system
  2. partial tax system
  3. dead weight loss
  4. bad tax system

A

Partial Equilibrium Analysis Quiz

MCQ: The concept that relates with the prices of exports of a country relative to the prices of its imports is calls as

  1. balance of trade
  2. balance of payments
  3. terms of trade
  4. term of balance

C

Growth of Factors of Production Quiz

MCQ: When a country produces more exports and buys more imports will causes the offer curves to

  1. move upward
  2. shifts
  3. move
  4. constant

B