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Demand for Labor Multiple Choice Questions p. 5

Study Demand for Labor multiple choice questions and answers, demand for labor quiz answers PDF 5 to study Economics course online. Markets For Factors of Production MCQ trivia questions, demand for labor Multiple Choice Questions (MCQ) for online college degrees. "Demand for Labor MCQ" PDF eBook: balance of payments accounting principles, production possibility frontier with increasing costs, demand for labor test prep for online bachelor's degree in business management.

"In a perfectly competitive market, the firm's marginal revenue product of labor is known as" MCQ PDF: 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 to improve problem solving skills to learn online certificate courses.

Demand for Labor Questions and Answers MCQs

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

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

incomplete specialization

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

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

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