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Economics Study Guide: Mock Test 86

Federal Government MCQs (Multiple Choice Questions) PDF Download - 86

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Federal Government MCQ with Answers PDF Download: Quiz 86

MCQ: 426

A payment that is one-way payment to a person for which no money, good, or service is given or exchanged is known as

  1. transaction cost
  2. transfer payment
  3. precautionary payment
  4. speculative payment
MCQ: 427

The theory that suggests when two or more markets aren't perfectly competitive, then effect to correct one of them would distort the economy from pareto efficiency is known as

  1. the theory of international trade
  2. theory of comparative advantage
  3. the theory of the second best
  4. the theory of absolute advantage
MCQ: 428

One can reduce the tradeoff between unemployment and inflation with the help of

  1. policy makers
  2. equilibrium of Demand and Supply
  3. trade off
  4. increasing employment
MCQ: 429

The additional revenue the firm earns by employing one more unit of labor is known as

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. average product of labor
  4. marginal revenue product of labor
MCQ: 430

The term that refers to the total level of spending in an economy is known as

  1. growth
  2. absorption
  3. observation
  4. flow

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