MCQs: An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: The formula for the marginal revenue product of labour (L is for labour, X is the product) is ?
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MCQs: In a competitive labour market firms will hire labour up to the point where the marginal revenue product of labour equals ?
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MCQs: Differences in wages that result from differences in working conditions are known as ?
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MCQs: If the income effect is smaller than the substitution effect, higher net wages will ?
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MCQs: The substitution effect of higher wages suggests that as the wage rate increases ?
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MCQs: The idea that the demand for car workers stems from the demand for cars is ?
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MCQs: The poverty trap refers to ?
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MCQs: Current anti-poverty programs discourage work because ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Rawls’s miximin criterion does not mean that there should be redistribution so as to equalise everyone’s incomes in society because ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Utilitarianism suggests that the government should choose policies that maximize the total utility of everyone in society by ?
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MCQs: The maximin criterion suggested by Rawls’s theory of justice means that the government should aim to ?
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MCQs: If people can borrow and lend to perfectly smooth out their lifetime living standards, then ?
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MCQs: A period of unemployment due to recession will ?
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MCQs: Because in-kind transfers are not accounted for in standard measures of income distribution the standard measures of income distribution ?
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MCQs: The Keynesian remedy for unemployment is to ?
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MCQs: Which of the following is not TRUE about rural urban migration ?
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MCQs: The theoretical basis for zero marginal productivity of labor was the concept of ?
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MCQs: The invisibly underemployed ?
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MCQs: Which of the following is not TRUE about unemployed in LDCs ?
Category: Economics Mcqs, Published by: teswesm
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