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## Quiz on Some Determinants of Equilibrium Wage Worksheet 9

Some Determinants of Equilibrium Wage Quiz

MCQ: If policy makers do not take steps against structural unemployment, it can lead towards higher

1. unemployment rate
2. job seekers rate
3. job losers rate
4. loss of the labor market

A

Controls On Prices Quiz

MCQ: A situation where lowest legal price is to be set for a good to be sold at is called as

1. price ceiling
2. binding
3. shortage
4. price floor

D

Partial Equilibrium Analysis Quiz

MCQ: Rate associated with duties imposed on goods that do not reflect price changes of goods due to inflation, taxes is known as

1. rate of effective protection
2. revenue effect
3. nominal tariff
4. compound tariff

C

Other Demand Elasticity Quiz

MCQ: One of elasticity of demand is calculated as ratio of percentage change in quantity demanded to percentage change in his income is known as

1. cross price elasticity of demand
2. income elasticity demand
3. perfect elastic demand
4. perfect inelastic demand

B