the cost of using capital services is the ?

Related Mcqs:

The substitution effect of a rise in the price of labour will ____ the quantity of labour and the output, effect will ____ it

A. increase; increase B. increase; reduce C. reduce; reduce D. reduce; increase...

The downward sloping marginal physical product of labor is the firm’s ?

A. Supply of labor B. Short-run demand curve for labor C. marginal cost of labour marginal revenue product of labor...

The participation rate in the labour force is affected by ?

A. higher real wages B. lower fixed costs of working C. lower non-labour income D. changes in tastes between leisure and work E. all of the above...

Involuntary unemployment exists if workers ?

A. will not work at the offered wage B. would work at the going wage but can’t find jobs C. will not work because the hours are anti-social D. Are not prepared to move house to get the job...

Skilled labor is relatively scarce because ?

A. there are too few teachers B. too few student places in higher education C. it is costly to acquire human capital D. teachers’ salaries are too low...