Ask Question, Ask an Expert


Ask Business Economics Expert

MCQs on labour supply and wages.

1) Statistical studies in the United States have reached the conclusion which for most workers the response of labour supply to wage changes is

1. quite strong

2. not very strong

3. inverted

4. always zero.

2) One of the main reasons which people want to limit imports is the

1. fear which imports will decrease the income of Americans.

2. idea which cheap foreign labour destroys American jobs.

3. concept which if business benefits another country, it must harm the United States.

4. All of the above are correct.

3) Many fear which cheap foreign labour will destroy American jobs; in reality, wages in

1. the United States have risen spectacularly in the last 25 years as business grew.

2. countries which export to the United States are very low relative to the United States and show no sign of rising

3. countries which export to the United States have risen spectacularly in the last 25 years.

1. United States export companies are very low relative to wages in the same company in other countries.

2. All of the above are correct.

4) In the past, when the United States enjoyed a continuing business surplus, wages in the United States

1. were much lower than wages in countries which imported U.S. products.

2. were much higher than wages in countries which imported U.S. products.

3. were roughly the same as wages in countries which imported U.S. products.

4. fell throughout which period, enabling the continuing business surplus.

5. rose throughout which period, ending the business surplus.

5) The main reason why one nation businesss with another is to

1. save its natural resources from rapid depletion.

2. exploit the advantages of specialization.

3. eliminate the danger of retaliation from other nations.

4. improve political alliances.

6) One reason why nations business is because

1. trading provides opportunities to earn profits.

2. the rate of interest is not the same in all countries.

3. resources are not equally distributed to all nations.

4. some nations like to build one thing while others like to build another.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M917199

Have any Question? 

Related Questions in Business Economics

Assignmentarticle reportplease select a marketing topic you

Assignment Article Report Please select a marketing topic you learned and then search in the Wall Street Journal (either online or hardcopy *) and select an article about that topic within the last 12 months. To do this, ...

Assignmentmoral and ethical requirements should serve as

Assignment Moral and ethical requirements should serve as drivers which encourage a business to invest in or spend money on cybersecurity products, services, and programs. You have been invited to participate in a "light ...

Assignmentinstructions1 select an illegal activity and

Assignment Instructions 1. Select an illegal activity and transform/mask its' true purpose with the disguise of a legitimate business operation. In other words, create a start-up business that would be viewed as a legal ...

Allocation and allotments please respond to the following1

"Allocation and Allotments" Please respond to the following: 1. From the first e-Activity, examine and evaluate the disparity of Georgia budget allocation for education and property tax to the various localities. Based o ...

Assignment -consider the following cobb douglas production

Assignment - Consider the following Cobb Douglas production function where Y is maize output, X 1 is labour input, and X 2 is the capital. Data for estimating this equation is given in the Table below. Y = β 0 X 1i β_1 X ...

Question 1 for the following situations calculate

Question 1 . For the following situations, calculate elasticity of demand and comment on the answer.                             When the price of commodity X was Rs. 12/-, 40 units it were demanded. When the price decre ...

Assessment task descriptiontopicstudents will be required

ASSESSMENT TASK: DESCRIPTION Topic Students will be required to choose a specific enterprise (it should ideally be one with which they are somewhat familiar) and develop a sustainability indicators monitoring system for ...

1 there is a small country whose domestic demand and supply

1) There is a small country whose domestic demand and supply for a good x are given below (where P is the price of X) [drawing a demand and supply graph may be helpful to you, but is not required.] D: P=100-Q S: P=10+2Q ...

Cite the sources used to answer this question provide the

Cite the source(s) used to answer this question. Provide the source(s) below your response and apply APA guidelines for references. 1) Class, is it possible for a business to show an accounting profit, but actually earn ...

Free trade and restricted trade - benefits and cost1-2

Free Trade and Restricted Trade - Benefits and Cost 1-2 paragraphs APA format/ no plagarism Using your own words, define both free and restricted trade. What do you feel are the benefits and the cost to having free trade ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro