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Demand for Labor Quiz Question and Answers 5 PDF Download

Learn demand for labor quiz, online economics test 5 for online courses, distance learning. Free BBA economics MCQs questions and answers to learn demand for labor MCQs with answers. Practice MCQs to test knowledge on demand for labor, production possibility frontier with increasing costs, balance of payments accounting principles, taxes & efficiency worksheets.

Free demand for labor course worksheet has multiple choice quiz question as in a perfectly competitive market, firm's marginal revenue product of labor is known as with options marginal propensity to consume, marginal physical product of labor, value of the marginal product of labor and marginal cost of labor with problems solving answer key to test study skills for online e-learning, viva help and jobs' interview preparation tips, study markets for factors of production multiple choice questions based quiz question and answers.

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