Economics Practice Test 52
Income Determination in Closed Economy Multiple Choice Questions (MCQ) PDF - 52
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The MCQ Quiz: Proportion of an aggregate raise in pay that a consumer spends on saving rather than on the consumption of goods and services is known as; "Income Determination in Closed Economy" App APK Download (Free) with answers investment function, marginal propensity to save, marginal propensity to consume and saving function to learn online educational courses. Study income adjustment mechanism and synthesis of automatic adjustments questions and answers to improve problem solving skills for online business management degree programs.
Income Determination in Closed Economy Questions and Answers PDF Download: Quiz 52
MCQ 256: The proportion of an aggregate raise in pay that a consumer spends on saving rather than on the consumption of goods and services is known as
- marginal propensity to save
- investment function
- marginal propensity to consume
- saving function
MCQ 257: The concept that refers to the exchange of similar products belonging to the same industry is known as
- interfirm trade
- intrafirm trade
- gravity theory of trade
- trade integration
MCQ 258: The difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries is known as
- capital inequality
- economic inequality
- poverty
- economic inefficiency
MCQ 259: The concept that is basically a financial asset in a form of donation made to a non-profit group, institution or individual consisting of investment funds that may or may not have a stated purpose at the bequest of donor is known as
- charity
- aid
- endowment
- rent
MCQ 260: The concept that relates to the cost per unit depends on the size of an individual firm but not necessarily on that of the industry is known as
- internal economies of scale
- diseconomies of scale
- economies of scale
- external economies of scale
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