Economics MCQs – Mock Test 64

Demand for Labor MCQ with Answers PDF Download – Test 64

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Demand for Labor MCQ – Mock Test 64 PDF Download

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

labor
capital
employment
building

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

inflation
hyper inflation
stagflation
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:

outreaching
off shoring
off shoring
international trade

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

slightly positive
positive
negative
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:

immiserizing growth
stagnant growth
increasing growth
decreasing growth

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