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Demand for Labor Quizzes Online MCQs PDF Download 5

Practice Demand for Labor quiz questions, demand for labor multiple choice questions and answers PDF to prepare economics exam worksheet 5 for online certificate programs. Practice "Markets For Factors of Production" quiz with answers, demand for labor multiple choice Questions and Answers (MCQ) to solve demand for labor test with answers for online university degrees. Free demand for labor MCQs, 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", 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

Demand for Labor Quiz

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

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. value of the marginal product of labor
  4. marginal cost of labor

C

Production Possibility Frontier with Increasing Costs Quiz

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

  1. deindustrialization
  2. industrialization
  3. autarky
  4. incomplete specialization

A

Balance of Payments Accounting Principles Quiz

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

  1. foreign exchange payments
  2. balance of payments
  3. accommodating payments
  4. autonomous payments

D

Demand for Labor Quiz

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

  1. labor market
  2. capital market
  3. duo market
  4. monopsony

A

Taxes & Efficiency Quiz

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

  1. dead weight loss
  2. budget deficit
  3. fiscal challenge
  4. monetary challenge

A