Surprise Test

Surprise Test

University

10 Qs

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Surprise Test

Surprise Test

Assessment

Quiz

Social Studies

University

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Created by

POOJA VERMA

Used 12+ times

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10 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Why we demand factors

Because of Marginal Productivity

Because of Total Productivity

Because of Marginal Utility

2.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

What situation is showing in this diagram?

Monopsony in factor market & perfect Competition in goods market

Monopoly in both market

Perfect Competition in both market

3.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Real wage meaning

In terms of goods and services

In terms of Money

In terms of money, goods and services

4.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Media Image

What situation is shown in this diagram?

Demand curve of Labour

Supply curve of Labour

Neither supply nor demand curve

5.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

This diagram shows the situation where a firm gets

Super normal profit

Normal profit

Loss

6.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Quasi Rent is measured by

TR-TVC

TR-TFC

TR-AC

7.

MULTIPLE CHOICE QUESTION

3 mins • 1 pt

Wage is determined where

Demand & Supply of labour intersect each other

Demand of labour is more than supply of labour

Supply of labour is more than demand of labour

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