Quiz vĩ chuyên sâu

What are the types of market in the Neoclassical model?

• Goods and services market, factors market, loanable funds market

• 1. Goods and services market, factors market

• 1. Goods and services market, factors market, currency market.

• Goods and services market, factors market, loanable funds market, currency market.

What is Marginal product of Labor MPL?

• 1. It is the extra output the firm can produce using an additional unit of labor (holding other inputs fixed).

• 1. It is the extra output the firm can produce using an additional unit of capital (holding other inputs fixed).

To maximize profit, the firm should hire labor up to the point where

• MPK=R/P

• MPK=W/P

• MPL=R/P

• MPL=W/P

Which one of the following options is not included in the National Income? 

• Wage, rent, salary

• Interest, wage, rent

• Profit, interest, rent, wage

• Rent, profit, interest

• Profit, salary, interest, wage

Government budget is surplus

and public saving is positive when

•  T > G

•  T < G

•  T = G

The amount of after-tax income received by households is measured by:

• 1. discretionary income

• national income.

• disposable income

• personal income.

In the Neoclassical theory, there are three types of agents in an economy:

• 1. Households, goods, firms

• Firms, government, households

• Goods, firms, government

Which of the following is not a type of market in a neoclassical model:

• Factors market

• Loanable fund market

• Stock market

Example of capital resources:

• equipment

• rivers

• knowledge

• lands

Which of the following best defines disposable income

• income received by households minus personal taxes

• the before-tax income received by households

• all income earned by resource suppliers for their current contributions to production

• the market value of the annual output net of consumption of fixed capital