Economics Practice Test 59
Different Kinds of Goods Quiz PDF: Questions and Answers - 59
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The Quiz: Collective supply of a public good for all means that it cannot be rejected by people is called as; "Different Kinds of Goods" App Download (Android & iOS) Free with answers private good, public good, non-reject able good and non-rivalry good for online economics degree courses. Practice public goods and common resources questions and answers to improve problem solving skills for business administration and management colleges.
Different Kinds of Goods Questions and Answers PDF Download: Quiz 59
MCQ 291: The collective supply of a public good for all means that it cannot be rejected by people is called as
- public good
- private good
- non-reject able good
- non-rivalry good
MCQ 292: When society can't produce whatever is being demanded, there comes a situation of
- Trade
- Scarcity
- Low efficiency
- Incentive
MCQ 293: Any transaction that creates a demand for the country's currency is known as
- debit transaction
- current transaction
- capital transaction
- credit transaction
MCQ 294: The change in the total output as one additional unit of input is added to production is known as
- average product
- average cost
- marginal product
- marginal cost
MCQ 295: One thing on which economics is based on and makes it more easier is
- assumptions
- studying
- experiments
- principles
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