Some Determinants of Equilibrium Wage Questions and Answers PDF Download 9
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Trivia Quiz on Some Determinants of Equilibrium Wage PDF Download 9
MCQ: If policy makers do not take steps against structural unemployment, it can lead towards higher
- unemployment rate
- job seekers rate
- job losers rate
- loss of the labor market
A
MCQ: A situation where lowest legal price is to be set for a good to be sold at is called as
- price ceiling
- binding
- shortage
- price floor
D
MCQ: The rate associated with duties imposed on goods that do not reflect price changes of the goods due to inflation, taxes is known as
- rate of effective protection
- revenue effect
- nominal tariff
- compound tariff
C
MCQ: One of the elasticity of demand is calculated as the ratio of the percentage change in quantity demanded to the percentage change in his income is known as
- cross price elasticity of demand
- income elasticity demand
- perfect elastic demand
- perfect inelastic demand
B
MCQ: The activity because of which each trading partner can goods at cheaper rates than otherwise is called as
- opportunity cost theory
- international trade
- local trade
- embargo trade
B