Surprise Test
Quiz
•
Social Studies
•
University
•
Medium
POOJA VERMA
Used 12+ times
FREE Resource
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
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
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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