MCQs: A competitive profit-maximizing firm should hire workers up to the point where ?
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MCQs: An individual firm’s demand for a factor of production ?
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MCQs: A decrease in the supply of farm tractors will cause all but which of the following ?
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MCQs: What will a decrease in the supply of fishermen do to the market for capital employed in the fishing industry ?
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MCQs: For a competitive profit-maximizing firm, the value-of-the-marginal-product curve for capital is the firm’s ?
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MCQs: If a factor exhibits diminishing marginal product, hiring additional units of the factor will ?
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MCQs: When capital is owned by the firm as opposed to being directly owned by household capital income may take any of the following forms except ?
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MCQs: Which of the following is not true with regard to workers who have a high value of marginal product? These workers ?
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MCQs: An increase in the demand for a firm’s output ?
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MCQs: If both input and output markets are competitive and firms are profit maximizing, then in equilibrium each factor of production earns ?
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MCQs: An increase in the demand for apples will cause all but which of the following ?
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MCQs: A decrease in the demand or fish ?
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MCQs: The value of the marginal product of labor is ?
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MCQs: The most important factors of production are ?
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MCQs: According to the model of aggregate supply and aggregate demand in the long run an increase in the money supply should cause ?
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MCQs: Refers to Exhibit 4. Suppose the economy is operating in a recession such as point B in Exhibit 4. If policy makers wished to move output to its long run natural rate they should attempt to ?
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MCQs: Stagflation occurs when the economy experiences ?
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MCQs: Suppose the economy is initially is long run equilibrium Then suppose there is a drought that destroys much of the wheat crop According to the model of aggregate demand and aggregate supply, what happens of prices and output in the short run ?
Category: Economics Mcqs, Published by: teswesm
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MCQs: Suppose the economy is initially in long-run equilibrium Then suppose there is an increase in military spending due to rising international tensions According to the model of aggregate demand and aggregate supply what happens to prices and output in the short run ?
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MCQs: Suppose the price level falls but because of fixed nominal wage contracts the real wage rises and firms cut back on production This is a demonstration of the ?
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