Featured Quizzes
User Quizzes
Create Quiz
Data and Charts
Word Search
Badges and Games
About JetPunk
Message Board
Dark Mode
Economics: Topic 4, Year 2 Definitions - Statistics
General Stats
- This quiz has been taken 6 times
- The average score is 3 of 8
Answer Stats
| Definition | Answer | % Correct |
|---|---|---|
| An organised association of workers in a particular trade, profession or industry. It is formed to protect and further the rights and interests of its members. | A Trade Union | 60%
|
| A market structure with a single buyer. | Monopsony | 60%
|
| An hourly wage rate set by the government, which represents the minimum wage that an employer must pay workers above a certain age. | National Minimum Wage | 60%
|
| Occurs when the demand for a good or service is determined by the demand for another good or service. | Derived Demand | 40%
|
| Exists when there is a single buyer and a single seller of a good or service. | Bilateral Monopoly | 20%
|
| Exists when an employer pays a women or a person from a minority group less than the wage paid to a man for 'equal work'. | Wage Discrimination | 20%
|
| The addition to total revenue arising from the employment of one additional unit of labour. | Marginal Revenue Productivity (MRP) | 0%
|
| The number of hours people are willing and able to supply to that particular occupation at any given wage rate. | The Supply of Labour to a Particular Occupation | 0%
|
No matching quizzes found
Score Distribution
Percent of People with Each Score
Percentile by Number Answered
Your Score History
You have not taken this quiz
New and Popular