2Term eco2
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1 / 30
Total cost equals.
2 / 30
Which factor of production earns?
3 / 30
Demand for labour is a derived demand because?
4 / 30
The point where by the demand and supply or labour meet determine:
5 / 30
Labour supply increases when:
6 / 30
Variable cost is zero when output is:
7 / 30
The profit motive is least associated with:
8 / 30
Labour mobility refers to:
9 / 30
Fixed cost is defined as the cost that:
10 / 30
Which economy system is based on Central planing:
11 / 30
Wages are determined by:
12 / 30
Average cost is calculated by dividing total cost by:
13 / 30
The reward for the factor of production capital is:
14 / 30
Which of the following affects labour supply:
15 / 30
Primary production is concerned with?
16 / 30
Which of the following best describes the demand for labour:
17 / 30
Which of the following is Not a factor of production?
18 / 30
What happens in the labour market when the wage rate is above the equilibrium level
19 / 30
One factor that causes a shift in labour demand is_____
20 / 30
A miximizes profit when?
21 / 30
In a mixed economy, resources are allocated by.
22 / 30
An increase in minimum wage,may lead to:
23 / 30
Which of the following factors would most likely increase the supply of labour.
24 / 30
Marginal revenue refers to the revenue from selling.
25 / 30
Labour market refers:
26 / 30
Total revenue is calculated as:
27 / 30
When total revenue is divided by quantity sold,the result is?
28 / 30
Tertiary production involves:
29 / 30
A characteristics of capitalist economy is:
30 / 30
A major advantage of a free market economy is:
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The average score is 33%
