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Economics Practice Test 3

Balance of Payments Accounting Principles Quiz Questions with Answers PDF - 3

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Balance of Payments Accounting Principles Trivia Questions PDF Download: Quiz 3

MCQ 11: A statement that summarizes an economy's transactions with the rest of the world for a specified time period is known as

A) transfer payments
B) balance sheet
C) balance of payments
D) summary statement

MCQ 12: The trade of products that belongs to same industry is known to be as

A) intra-industry trade
B) inter-industry trade
C) gains from trade
D) trade with specialization

MCQ 13: When firm's marginal revenue is equals to the firm's marginal cost, that situation is known as

A) equilibrium
B) profit maximization
C) pareto efficiency
D) efficient scale

MCQ 14: The process of allocating capital in a way that reduces the exposure to any one particular asset or risk is known to be as

A) risk criterion
B) risk assessment
C) risk value
D) risk diversification

MCQ 15: Economic profit is concerned with implicit cost, explicit cost as well as

A) opportunity cost
B) accounting profit
C) economic losses
D) total cost

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BBA Economics App (Android & iOS)

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BBA Economics App (Android & iOS)

BBA Economics App (Android & iOS)

Financial Management App (Android & iOS)

Financial Management App (Android & iOS)

Human Resource Management (BBA) App (Android & iOS)

Human Resource Management (BBA) App (Android & iOS)