Economics Practice Test 17
Different Kinds of Goods Quiz Questions and Answers PDF - 17
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The Quiz: Product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as; "Different Kinds of Goods" App Download (Free) with answers excludable good, private good, public good and rivalry good for online business management degrees. Solve public goods and common resources questions and answers to improve problem solving skills for online school of business administration.
Different Kinds of Goods Questions and Answers PDF Download: Quiz 17
MCQ 81: The product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as
- private good
- excludable good
- public good
- rivalry good
MCQ 82: The model that suggests that relative economic size attracts countries to trade while longer distance discourages attractiveness falls under
- ricardo model
- gravity model of trade
- heckscher-ohlin model
- IS-LM model
MCQ 83: Online news media has drawn customers away from physical newspapers, is an example of
- technological under employment
- technological structural unemployment
- technological frictional unemployment
- technological efficiency
MCQ 84: Cost of forgoing one alternative over another is known as
- average cost
- marginal cost
- opportunity cost
- fixed cost
MCQ 85: The amount of money a person spends on imports as a percentage of total income is known as
- marginal propensity to imports
- marginal propensity to exports
- average propensity to exports
- average propensity to imports
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Principles of Marketing Quiz with Answers
- Pricing strategy whose steps are setup between different lines of product offered
- Procedure of displacement of long-established resellers by new intermediaries is classified as
- According to SWOT analysis, the analysis of Opportunities and Threats is part of
- According to 'Maslow's hierarchy of needs', the sense and need of belonging is classified as
- Permanent and ordered division in society on basis of values and interests is called
- Type of market offerings that customers buy without committing any buying efforts are called
Different Kinds of Goods Quiz Book Questions
- Changes in the labor saving technological change is closely dependent upon the
- In welfare economics, the concept that refers to a decision rule used
- A case of elasticity that is either be equal to unity or
- When we give up some product or service to get something we desire is known as
- If the consumers are heterogeneous than the offer curve may react at the
- Slope of the offer curve is the point that tells the country's