Wages Rent Interest and Profit 01 Mcqs Preparation Online Shani Malik — April 24, 2018 in Economics • add comment Wages Rent Interest and Profit 01 Mcqs Preparation Online 1. In which form the largest percentage of national income is earned:A. Interest income B. Proprietor's incomeC. Employees' wagesD. Rental income Loading... 2. A firm maximizes profit if:A. MRP is risingB. MRP = ARPC. MRP = Wage rateD. None of these Loading... 3. Under Marginal productivity Theory, reward for labour is determined by:A. LabourB. Marginal productC. Owner D. Government Loading... 4. The minimum wage is an example of:A. Price ceilingB. Efficiency of labourC. Equilibrium wageD. Price floor Loading... 5. Standard of living of workers depends upon their:A. Real wagesB. Govt. policyC. Average productD. Nominal wages Loading... 6. The economist Ricardo argued that prices were _____ because land rents were _______A. High, HighB. Low, HighC. High, LowD. Low, Low Loading... 7. Who is unemployed:A. College studentB. HousewifeC. A peer who lives on gifts from mureedsD. A freshly graduated engineer who is searching for a job Loading... 8. Doctors get higher wages than clerks because:A. Doctors have more respect in societyB. Doctors are organised in trade unionsC. Doctors are in short supply D. People fear doctor's displeasure Loading... 9. Sometimes the supply curve of labour ends:A. Downward B. Backward C. Firstly upward and then downwardD. Upward Loading... 10. Union leaders are in a better position to bargain for higher wages if demand for labour is:A. InelasticB. PermanentC. Very largeD. Elastic Loading... Loading... Related NTS Results Post:Wages Rent Interest and Profit 03 Mcqs Preparation OnlineWages Rent Interest and Profit 02 Mcqs Preparation OnlineProfit Maximization Test 01 Mcqs Preparation OnlineViruses MCQs Test 01 Preparation OnlineViruses MCQs Test 03 Preparation OnlineViruses MCQs Test 02 Preparation OnlineGeography Test 4 Mcqs Online PreparationChemistry Online MCQs Test 02 For Preparation
