Deneme Sınavı Soruları

What is the first order condition?

Which of the following is not the labor market outcome that does not affect the livelihoods and standards of living of the majority of individuals and households in Turkey?

What is the opportunity cost of not leisure?

Given the input prices, including the wage rate, the output price, and their technology, which of the following should be determined by the firms to maximize their profits?

Which of the following is incorrect about the long run demand for labor?

Which of the following is the relationship between MRP (Marginal Revenue Product) and VMP (Value of the Marginal Product) under the assumption of perfect competition?

Which of the following is not true for labor market equilibrium?

Which of the following statements about the budget constraint is true if both the individual's non-wage income and the wage rate increase?

If an individual who initially worked 40 hours a week at an hourly wage of 50 TL increased his/her working hours to 56 hours when the wage increased to 65 TL, which of the following is the wage elasticity of labor supply?

I. The demand for labor in the economy determines how many people (or labor hours) will be employed

II. The demand for labor in the economy determines how much people who are employed will earn

III. So-called “third sector” means private sector

IV. The demand for labor is a derived demand

Which of the sentences above are correct?

Which of the following choices of workers will not affect the labor market outcomes?

Why of the following is not taken into account by individuals to solve the time allocation problem?

Which of the following correctly completes the blank part in the sentence?

"Leisure comes with a cost, and the cost of leisure is the ............"

The demand for labor at the industry level will increase from 5000 to 6500 workers in response to a decline in the wage rate from 40 TL to 35 TL. What is the short run elasticity of labor demand?

Economic decisions in the labor market are based on __________ and not ___________.

Fill in the blanks in the above sentence with the appropriate option from the options below.

Suppose that the wage rate changes, holding the non-wage income constant. If the wage rate increases, how does the budget line change?

The most common method to collect labor market data everywhere in the world is _______________ on a regular basis.

Which of the following options correctly fills in the blank in the above sentence?

Suppose a firm with 5 units of capital. The product price for is 4 TL per unit and the rental price of capital is 2 TL per unit of capital. Firm employs 5 workers and will produce 42 units of output. Please calculate the firm's profit.

____________________  is the increase in the quantity of output that results from employing one more unit of labor. 

Which of the following correctly completes the blank given in the sentence above?

I. Individuals are assumed to act in a way to maximize their happiness.

II.  Individuals would rather spend their time at work.

III. Higher wages are likely to induce workers to supply more hours of labor to the labor market. 

Which of the sentences given above is/are true?