Market Efficiency Quiz Questions and Answers PDF - 13

MCQ 61: The area lies above the equilibrium of demand and supply curve is known as

1. willingness to accept
2. producer surplus
3. consumer surplus
4. willingness to pay

MCQ 62: The type of exchange rate that occurs when the government intervenes to try and keep the value of the currency at a certain level against other currencies is known as

1. fixed exchange rate
2. quote currency
3. floating exchange rate
4. law of one price

MCQ 63: An action is considered to have utility only to the extent that it contributes to the overall good, this idea falls under the concept of

1. utility
2. social welfare
3. utilitarianism
4. redistributing income

MCQ 64: The demand curve shifts downwards when a tax is imposed over a

1. buyer
2. seller
3. outsourcer
4. retailer

MCQ 65: The theory that states private parties can find efficient solutions to externalities without government intervention is known as

1. demand supply theory
2. coase theorem
3. supply chain management
4. HR theory