Wages Rent Interest and Profit 01 Mcqs Preparation Online

Test Instructions

Wages Rent Interest and Profit 01 Mcqs Preparation Online

1. In which form the largest percentage of national income is earned:
A.
B.
C.
D.

2. A firm maximizes profit if:
A.
B.
C.
D.

3. Under Marginal productivity Theory, reward for labour is determined by:
A.
B.
C.
D.

4. The minimum wage is an example of:
A.
B.
C.
D.

5. Standard of living of workers depends upon their:
A.
B.
C.
D.

6. The economist Ricardo argued that prices were _____ because land rents were _______
A.
B.
C.
D.

7. Who is unemployed:
A.
B.
C.
D.

8. Doctors get higher wages than clerks because:
A.
B.
C.
D.

9. Sometimes the supply curve of labour ends:
A.
B.
C.
D.

10. Union leaders are in a better position to bargain for higher wages if demand for labour is:
A.
B.
C.
D.


 

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