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Wages Rent Interest and Profit 01 Mcqs Preparation Online

— April 24, 2018 in Economics • add comment

Test Instructions

Wages Rent Interest and Profit 01 Mcqs Preparation Online

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

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

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

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

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

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

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

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

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

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


 

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