The functional distribution of income shows how national income is divided between ?

Related Mcqs:

Which of the following is likely to generate a compensating differential ?

A. One employee is more attractive than another B. One employee is more educated than another C. All of these answers generated D. One employee works harder than another E. One employee is willing to work the nightshift while another is not....

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 marginal revenue product of capital is the ?

A. change in a company’s balance sheet when it acquires new plant B. additional value of output from using more capital C. change in company’s share price D. changing value of the capital stock...

In the short run, the supply of capital is ________ and in the long run will depend on _______?

A. variable, technology B. fixed, expectations C. fixed, rental rate of capital D. variable, interest rates...

A profit-maximizing firm will hire labour until _____ equals the _______?

A. marginal revenue, marginal cost B. long run marginal revenue, long run marginal cost C. labor output ratio, capital output ratio D. marginal cost of labor, marginal revenue product...