If two jobs require the same amount of skills and experience the job that pays the most is most likely to be the one that is ?

Related Mcqs:

1. An unemployed salesperson has been offered a job paying Rs500 a week. He turns that job down and continues to search for another job that pays more. The cost of this continued search is ?

   A. the Rs500 weekly salary that he has forgone to search for another job
   B. The Rs500 weekly salary that he has forgone and the monetary costs incurred by continuing to search
   C. Rs difference between the weekly salary he finally accepts and the Rs500 weekly salary that he has forgone
   D. Rs0, since he is currently unemployed

2. Suppose that the world price of tin is above the target (ceiling) price that is defined by an international commodity agreement. To move the world price toward the target price, a buffer stock agreement would require its buffer stock manager to ____ tin and an export quota agreement would require that member countries _________ their export of tin?

   A. purchase; decrease
   B. purchase; increase
   C. sell; increase
   D. sell; decrease

3. If a person who works in coal mine gets paid more than a person with a similar background and skills who works in a safer job, then ?

   A. coal miners must have greater human capital than others
   B. we have observed a compensating differential
   C. coal miners must be more attractive than other workers
   D. we have evidence of discrimination against workers outside the coal mine

4. In the long run, if a very small factory were to expand its scale of operations it is likely that it would initially experience ?

   A. an increase in average total costs
   B. diseconomies of scale
   C. economies of scale
   D. constant returns to scale

5. 3M runs a Pollution a Prevention Pays program that has led to a substantial reduction in pollution and costs this would be an example of responding and costs. This would be an example of responding to which of the following ?

   A. Nader’s raiders
   B. The green movement
   C. Governmental regulation
   D. International competition

6. If Mark Mars pays Hershey Foods Corporation for the right to use their name on his line of T-shirts then Mr. Mars is using which type of branding ?

   A. Licensed brands
   B. Manufacturer’s brand
   C. Private brand
   D. Co-brand

7. Which of the following workers would be most likely to find it more difficult to get a job after a rise in the minimum wage rate?

   A. a teenage worker with few qualifications.
   B. A manual worker with fifteen years of work experience
   C. A professional worker with university degree.
   D. All there are equally likely to find it difficult to get a job

8. If interest rates rise then costs are likely to _______ and demand is likely to _________?

   A. rise, fall
   B. rise; rise
   C. fall; fall
   D. fall; rise

9. If VAT rates rise, then costs are likely to ___ and demand is likely to ____?

   A. rise; rise
   B. rise; fall
   C. fall; fall
   D. fall; rise

10. Which of the following government policies is least likely to increase likely to increase growth in Africa ?

    A. increase expenditure on public education
    B. eliminate civil war
    C. All of these answers would increase growth
    D. increase restrictions on the importing of American tractors and electronics