Economics Practice Test 18
Different Kinds of Goods MCQ (Multiple Choice Questions) PDF - 18
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The MCQs: A good that is excludable but non-rivalrous like access to private parks and membership in an European Union is known as; "Different Kinds of Goods" App Download (iOS & Android) Free with answers public good, common resource, club/toll good and private good to study economics degree courses. Practice public goods and common resources questions and answers to improve problem solving skills for online schools for business degrees.
Different Kinds of Goods Questions and Answers PDF Download: Quiz 18
MCQ 86: A good that is excludable but non-rivalrous like access to private parks and membership in an European Union is known as
- common resource
- public good
- club/toll good
- private good
MCQ 87: The number of hours people are willing and able to supply at a given wage rate is known as
- labor demand
- derived demand
- labor supply
- marginal physical labor
MCQ 88: A type of policy by government that is to encourage export of goods and discourage sale of goods on the domestic market is known as
- commercial policy
- voluntary export restraint
- export subsidy
- import subsidy
MCQ 89: When a country's businesses lower the sales price of its exports to gain unfair market share, this is known as
- dumping
- anti-dumping
- persistent dumping
- sporadic dumping
MCQ 90: The factor by which gains in total output are greater than the change in spending that caused it is known as
- differential effect
- no effect
- multiplier effect
- positive effect
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