Growth of Factors of Production Quiz Questions and Answers PDF - 93

MCQ 461: The changes in capital and labor becomes almost equal when both increased by same rate only when

1. factors are neutral
2. factors are identical
3. factors are carrying
4. factor is one

MCQ 462: In economics, there is loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable is known as

1. tax burden
2. deadweight loss
3. loss of buying or selling
4. loss of technology

MCQ 463: Dumping is just like monopoly but in dumping one is the domestic market and the other is a

1. firm
2. foreign market
3. community
4. culture

MCQ 464: Import quota is being levied to benefit the people and industries of

1. own country
2. abroad
3. single community
4. single individual

MCQ 465: The term that refers as the less the government is involved in the economy, the better off business will be and society as a whole is called as

1. laissez-faire
2. socialism
3. capitalism
4. communism