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Economics Practice Test 94

Circular Flow Diagram MCQ (Multiple Choice Questions) PDF - 94

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The MCQs: There are two types of market, like; "Circular Flow Diagram" App Download (iOS & Android) Free with answers good/services and fop, normal and abnormal, oligopoly and monopoly and free and monopoly to study online educational courses. Practice thinking like an economist questions and answers to improve problem solving skills for online business administration degree.

Circular Flow Diagram Questions and Answers PDF Download: Quiz 94

MCQ 466: There are two types of market, like

A) normal and abnormal
B) good/services and FOP
C) oligopoly and monopoly
D) free and monopoly

MCQ 467: A theory that seeks to explain changes in the pattern of international trade over time and that is based on a dynamic sequence of technological and product innovation and diffusion is known as

A) technological gap theory
B) diseconomies of scale
C) economies of scale
D) laissez faire theorem

MCQ 468: The good that has positive coefficient of income elasticity of demand but is less than one is known as

A) inferior good
B) normal good
C) luxurious good
D) bad good

MCQ 469: A distribution referred to as a distribution in specie, is a payment made in the form of securities or other property rather than in cash is known as

A) transfer payments
B) in-kind transfers
C) speculative payments
D) dividend payment

MCQ 470: The situation that refers to differences in productivity of nations is known as

A) absolute advantage
B) comparative advantage
C) absolute disadvantage
D) comparative disadvantage

Mock Tests: Principles Of Marketing Course Prep

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Circular Flow Diagram App (Android & iOS)

Circular Flow Diagram App (Android & iOS)

BBA Economics App (Android & iOS)

BBA Economics App (Android & iOS)

Business Statistics App (Android & iOS)

Business Statistics App (Android & iOS)

Business Mathematics App (Android & iOS)

Business Mathematics App (Android & iOS)