Economics Practice Test 5

Demand for Labor MCQ Questions PDF Download - 5

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The MCQ "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.

MCQ Quiz: Demand for Labor MCQs

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

Class Quizzes: Principles Of Marketing Chapters

Microenvironment MCQ

Economic Environment MCQ

Buyer Decision Process for New Products MCQ

New Product Development Process MCQ

Market Targeting MCQ

Personal Selling Process MCQ

Company Wide Strategic Planning MCQ

Competitor Analysis MCQ

Product Life Cycle Strategies MCQ

Business Markets MCQ

Sales Force Management MCQ

Logistics Functions MCQ

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