Economics Practice Test 85
Demand for Labor Quiz Questions and Answers PDF - 85
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Demand for Labor Questions and Answers PDF Download: Quiz 85
MCQ 421: The factors of production include land, labor, capital and
- machines
- buildings
- roads
- entrepreneurship
MCQ 422: The type of bloc that negotiate with corporations, businesses and other organizations on behalf of union members is known as an
- organization
- market
- trade bloc
- union organization
MCQ 423: Factors of production are owned by households and they then consume whatever are being produced by
- firms
- organizations
- government
- cities
MCQ 424: When the country's exports are larger than it's imports, and one's country is domestically paying for it's capital then its known as
- surplus balance of payments
- deficit balance of payment
- net outflow
- net inflow
MCQ 425: When a country produces a good or service for a lower opportunity cost than other countries, this situation is known as
- absolute advantage
- comparative advantage
- absolute disadvantage
- comparative disadvantage
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Principles of Marketing Practice Questions
Principles of Marketing Quiz with Answers
- Market segment which is large enough or profitable enough to be served is known as
- Kind of advantage gained by offering greater value to customers as compared
- Kind of direct marketing by which an offer, reminder or announcement is
- If customers perceive that price of product is greater than the value
- Basing point pricing, uniform delivered pricing, zone pricing and freight absorption pricing are all types of
- Considering types of retail stores, the one which sells merchandise with low
Demand for Labor Quiz Book Questions
- Demand curve of a monopolistic firm will always be
- If I (buyer) am buying 10 lays worth of $100 to the seller, that $100 would be his
- Process can lead to monopoly if a company captures the vast majority
- Increasing economic integration and interdependence of national, regional, and local economies across
- If John is willing to pay $200 but he pay only $100
- Theorem that relates between relative prices of output and relative factor rewards is known as