Demand for Labor Multiple Choice Questions (MCQ) PDF - 64

MCQ 316: If demand for the firm's output increases, the firm will demand more

1. labor
2. capital
3. employment
4. building

MCQ 317: A situation when there is rise in general prices in an economy over a specific period of time is known as

1. inflation
2. hyper inflation
3. stagflation
4. consumer price index

MCQ 318: The term that relates to the location or area that lies outside of one's national boundaries is known as

1. outreaching
2. off shoring
3. off shoring
4. international trade

MCQ 319: The relationship between elasticity of supply and demand with deadweight loss of a tax is

1. slightly positive
2. positive
3. negative
4. zero

MCQ 320: The situation that prevails when economic growth could results in a country being worse off than before the growth is known as

1. immiserizing growth
2. stagnant growth
3. increasing growth
4. decreasing growth