chapter 9

chapter 9

11th Grade

16 Qs

quiz-placeholder

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chapter 9

chapter 9

Assessment

Quiz

World Languages

11th Grade

Hard

Created by

Sara Miguel

FREE Resource

16 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term is associated with the concept of efficiency in production?

Equilibrium wage

Derived demand

Productivity

Resource substitutes

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What term describes the efficiency with which inputs are converted into outputs?

Derived demand

Productivity

Equilibrium wage

Resource substitutes

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which term is used to describe goods that are used together in production?

Resource complements

Derived demand

Equilibrium wage

Productivity

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the relationship between productivity and output?

Productivity is unrelated to output

Productivity is the value of the output produced

Productivity decreases as output increases

Productivity is the cost of output

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the result of a worker producing more?

Decreased value to the firm

Increased value to the firm

No change in value

Reduced demand for the product

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the labor market diagram, what happens at the intersection of the supply and demand curves?

Surplus of labor

Shortage of labor

Equilibrium in the labor market

Increase in wages

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In the context of the labor market diagram, what does a shift to the right of the demand curve indicate?

Decrease in demand for labor

Increase in demand for labor

Decrease in supply of labor

Increase in supply of labor

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