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Economics Practice Test 85

Demand for Labor Quiz Questions and Answers PDF - 85

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Demand for Labor Questions and Answers PDF Download: Quiz 85

MCQ 421: The factors of production include land, labor, capital and

A) machines
B) buildings
C) roads
D) entrepreneurship

MCQ 422: The type of bloc that negotiate with corporations, businesses and other organizations on behalf of union members is known as an

A) organization
B) market
C) trade bloc
D) union organization

MCQ 423: Factors of production are owned by households and they then consume whatever are being produced by

A) firms
B) organizations
C) government
D) cities

MCQ 424: When the country's exports are larger than it's imports, and one's country is domestically paying for it's capital then its known as

A) surplus balance of payments
B) deficit balance of payment
C) net outflow
D) net inflow

MCQ 425: When a country produces a good or service for a lower opportunity cost than other countries, this situation is known as

A) absolute advantage
B) comparative advantage
C) absolute disadvantage
D) comparative disadvantage

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Demand for Labor App (Android & iOS)

Demand for Labor App (Android & iOS)

BBA Economics App (Android & iOS)

BBA Economics App (Android & iOS)

Business Statistics App (Android & iOS)

Business Statistics App (Android & iOS)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)