Economics Entrance Exam MCQs – Mock Test 13

Market Efficiency Quiz with Answers PDF Download – Test 13

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Market Efficiency Quiz – Mock Test 13 PDF Download

MCQ 61: The area lies above the equilibrium of demand and supply curve is known as:

willingness to accept
producer surplus
consumer surplus
willingness to pay

MCQ 62: The type of exchange rate that occurs when the government intervenes to try and keep the value of the currency at a certain level against other currencies is known as:

fixed exchange rate
quote currency
floating exchange rate
law of one price

MCQ 63: An action is considered to have utility only to the extent that it contributes to the overall good, this idea falls under the concept of:

utility
social welfare
utilitarianism
redistributing income

MCQ 64: The demand curve shifts downwards when a tax is imposed over a:

buyer
seller
outsourcer
retailer

MCQ 65: The theory that states private parties can find efficient solutions to externalities without government intervention is known as:

demand supply theory
coase theorem
supply chain management
HR theory

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