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Demand for Labor Quiz Question and Answers 5 PDF Book Download

Demand for labor quiz, demand for labor MCQs answers, economics quiz 5 to learn online economics courses. Markets for factors of production quiz questions and answers, demand for labor multiple choice questions (MCQ) to practice demand for labor test with answers for college and university courses. Learn demand for labor MCQs, balance of payments accounting principles, production possibility frontier with increasing costs, demand for labor test prep for business administration certifications.

Learn demand for labor test with multiple choice question (MCQs): in a perfectly competitive market, firm's marginal revenue product of labor is known as, with choices marginal propensity to consume, marginal physical product of labor, value of the marginal product of labor, and marginal cost of labor for business degree online classes. Learn markets for factors of production questions and answers for scholarships exams' problem-solving, assessment test.

Quiz on Demand for Labor Worksheet 5

Demand for Labor Quiz

MCQ: In a perfectly competitive market, firm's marginal revenue product of labor is known as

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. value of the marginal product of labor
  4. marginal cost of labor


Production Possibility Frontier with Increasing Costs Quiz

MCQ: Process of social and economic change which is due to reduction in industrial capacity or activities of a country's manufacturing and heavy industry is known as

  1. deindustrialization
  2. industrialization
  3. autarky
  4. incomplete specialization


Balance of Payments Accounting Principles Quiz

MCQ: Type of transactions that refers to achieve some economic motive like earning income and profit maximization is known as

  1. foreign exchange payments
  2. balance of payments
  3. accommodating payments
  4. autonomous payments


Demand for Labor Quiz

MCQ: A type of market structure in which employers compete to hire best, and workers compete for best satisfying job is known as

  1. labor market
  2. capital market
  3. duo market
  4. monopsony


Taxes & Efficiency Quiz

MCQ: Loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal is called as

  1. dead weight loss
  2. budget deficit
  3. fiscal challenge
  4. monetary challenge