Economics Wages Rent Interest and Profit 01 Mcqs Preparation Online Wages Rent Interest and Profit 01 Mcqs Preparation Online 1. Doctors get higher wages than clerks because:A. Doctors are in short supply B. Doctors are organised in trade unionsC. People fear doctor's displeasureD. Doctors have more respect in society Loading... 2. The minimum wage is an example of:A. Price ceilingB. Equilibrium wageC. Efficiency of labourD. Price floor Loading... 3. Under Marginal productivity Theory, reward for labour is determined by:A. GovernmentB. Marginal productC. Owner D. Labour Loading... 4. In which form the largest percentage of national income is earned:A. Employees' wagesB. Interest income C. Rental incomeD. Proprietor's income Loading... 5. Who is unemployed:A. HousewifeB. A freshly graduated engineer who is searching for a jobC. College studentD. A peer who lives on gifts from mureeds Loading... 6. Standard of living of workers depends upon their:A. Real wagesB. Average productC. Govt. policyD. Nominal wages Loading... 7. Union leaders are in a better position to bargain for higher wages if demand for labour is:A. Very largeB. PermanentC. InelasticD. Elastic Loading... 8. Sometimes the supply curve of labour ends:A. Firstly upward and then downwardB. UpwardC. Backward D. Downward Loading... 9. A firm maximizes profit if:A. MRP is risingB. None of theseC. MRP = ARPD. MRP = Wage rate Loading... 10. The economist Ricardo argued that prices were _____ because land rents were _______A. Low, HighB. Low, LowC. High, HighD. High, Low Loading... Loading... Related PostsWages Rent Interest and Profit 02 Mcqs Preparation OnlineWages Rent Interest and Profit 03 Mcqs Preparation OnlineProfit Maximization Test 01 Mcqs Preparation OnlinePhysics MCQs Online Test 01 for PreparationPhysics MCQs Online Test 02 for PreparationEducation & Pedagogy MCQs Test 03 Online for Preparation Continue Reading Previous World Economy Test 01 Online Mcqs PreparationNext Wages Rent Interest and Profit 02 Mcqs Preparation Online Leave a Reply Cancel replyYour email address will not be published. Required fields are marked *Comment * Name * Email * Website Δ