Financial Investment Quiz! Trivia Test

12 Questions | By Armsoflove | Last updated: Mar 20, 2022 | Total Attempts: 90

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Financial Investment Quiz! Trivia Test - Quiz

Financial investment quiz trivia test. There are a lot of things that people consider before starting a business with the main one being the ability to fill an existing gap in the market. This means a company has the ability to supply a commodity not available in the economy with a high demand. By taking this quiz you will get to test out what you know about the relationship between demand and supply in the market.

Questions and Answers

1.

Which of the following can shift the labor demand curve to the right?
- A.
  
  Decrease in product price
- B.
  
  Increase in wages
- C.
  
  Decrease in wages
- D.
  
  Increase in productivity
2.

The usual shape of a labor supply curve is
- A.
  
  A horizontal line
- B.
  
  A vertical line
- C.
  
  Z shaped
- D.
  
  Upward sloping
3.

The labor supply curve facing an individual employer in a monopsony labor market is
- A.
  
  Upward sloping
- B.
  
  Downward sloping
- C.
  
  Horizontal
- D.
  
  Backward bending
4.

Over the past several decades, the Gini coefficient for the U.S.
- A.
  
  Has been declining
- B.
  
  Has been increasing
- C.
  
  Has begun to look like that of Europe
- D.
  
  Has remained essentially unchanged
5.

The monopsonistic employer hires more workers until marginal.
- A.
  
  Physical product is zero
- B.
  
  Revenue product equals marginal labor cost
- C.
  
  Physical product equals wage
- D.
  
  Revenue product equals wage
6.

When the product demand is inelastic, labor demand is
- A.
  
  Low
- B.
  
  High
- C.
  
  Inelastic
- D.
  
  Elastic
7.

The labor supply curve facing an individual employer in a competitive labor market is
- A.
  
  Upward sloping
- B.
  
  Downward sloping
- C.
  
  Horizontal
- D.
  
  Backward bending
8.

The supply of loanable funds
- A.
  
  Is inversely related to the rate of interest
- B.
  
  Is directly related to the rate of interest
- C.
  
  Affects output price
- D.
  
  Is equal to MRP
9.

A decrease in the population can be expected to
- A.
  
  Raise land rents
- B.
  
  Increase the demand for land
- C.
  
  Decrease the demand for land
- D.
  
  Decrease the supply of land
10.

If a firm uses its own funds, rather than borrowing to finance investment.
- A.
  
  It makes more profit
- B.
  
  It can make profit at a very low rate of return
- C.
  
  It incurs an opportunity cost of capital
- D.
  
  It should never do this
11.

The idea that the poverty level for a family of four is about $20,000 per year is an example of
- A.
  
  An absolute measure of poverty
- B.
  
  A relative measure of poverty
- C.
  
  An excessive level of income to be considered poverty
- D.
  
  None of the above
12.

A worker can earn "wage-related rent" if the worker.
- A.
  
  Is in a union
- B.
  
  Has unique capabilities
- C.
  
  Productive
- D.
  
  None of the above