Demand for Labor Quizzes Online MCQs PDF Download 5
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"In a perfectly competitive market, the firm's marginal revenue product of labor is known as", demand for labor Multiple Choice Questions (MCQ) with choices marginal physical product of labor, marginal propensity to consume, value of the marginal product of labor, and marginal cost of labor for online business degree. Learn markets for factors of production questions and answers with free online certification courses to learn online certificate courses.
Demand for Labor Questions and Answers PDF Download 5
MCQ: In a perfectly competitive market, the firm's marginal revenue product of labor is known as
- marginal propensity to consume
- marginal physical product of labor
- value of the marginal product of labor
- marginal cost of labor
C
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
- deindustrialization
- industrialization
- autarky
- incomplete specialization
A
MCQ: The type of transactions that refers to achieve some economic motive like earning income and profit maximization is known as
- foreign exchange payments
- balance of payments
- accommodating payments
- autonomous payments
D
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
- labor market
- capital market
- duo market
- monopsony
A
MCQ: The loss of economic efficiency that can occur when equilibrium for a good or service is not Pareto optimal is called as
- dead weight loss
- budget deficit
- fiscal challenge
- monetary challenge
A