Financial Investment Quiz! Trivia Test

12 Questions | 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

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