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Demand for Labor Quiz Questions PDF - 5

The Book Demand for Labor Multiple Choice Questions and Answers PDF, demand for labor MCQ Questions, test 5 to learn online Economics course. Study Markets For Factors of Production MCQ Questions PDF, demand for labor Test for online courses. The eBook Demand for Labor MCQ App Download: balance of payments accounting principles, production possibility frontier with increasing costs, demand for labor test prep for online bachelor's degree in business management.

The MCQs: In a perfectly competitive market, the firm's marginal revenue product of labor is known as PDF, Demand for Labor App Android & iOS (Free) with marginal physical product of labor, marginal propensity to consume, value of the marginal product of labor, and marginal cost of labor choices for online business degree. Practice markets for factors of production questions and answers to improve problem solving skills to learn online certificate courses.

Economics: Demand for Labor Quiz Answers PDF Download

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

A) marginal propensity to consume
B) marginal physical product of labor
C) value of the marginal product of labor
D) marginal cost of labor

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

A) deindustrialization
B) industrialization
C) autarky
D) incomplete specialization

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

A) foreign exchange payments
B) balance of payments
C) accommodating payments
D) autonomous payments

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

A) labor market
B) capital market
C) duo market
D) monopsony

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

A) dead weight loss
B) budget deficit
C) fiscal challenge
D) monetary challenge

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