FREE Financial Investment Question and Answers

Question 1

The United States' Gini coefficient has decreased over the previous few decades.

Accepted Answer

Has been increasing

Answer

Has remained essentially unchanged

Answer

Has been declining

Answer

Has begun to look like that of Europe

Question 2

Which of the following can cause a rightward change in the labor demand curve?

Accepted Answer

Increase in productivity

Answer

Decrease in wages

Answer

Decrease in product price

Answer

Increase in wages

Question 3

In a labor market with monopsony, the labor supply curve that each individual employer must deal with is

Accepted Answer

Upward sloping

Answer

Downward sloping

Answer

Horizontal

Answer

Backward bending

Question 4

An example of this is the idea that a family of four lives in poverty if their annual income is less than $20,000.

Accepted Answer

An absolute measure of poverty

Answer

An excessive level of income to be considered poverty

Answer

A relative measure of poverty

Answer

None of the above

Question 5

Labor demand is elastic when the product demand is

Accepted Answer

Inelastic

Answer

High

Answer

Elastic

Answer

Low

Question 6

In a labor market with competition, the labor supply curve that each individual employer must deal with is

Accepted Answer

Horizontal

Answer

Downward sloping

Answer

Backward bending

Answer

Upward sloping

Question 7

The monopsonistic employer keeps adding staff until it reaches the marginal level.

Accepted Answer

Revenue product equals marginal labor cost

Answer

Revenue product equals wage

Answer

Physical product is zero

Answer

Physical product equals the wage