Economics MCQs – Mock Test 17

Different Kinds of Goods Quiz with Answers PDF Download – Test 17

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Free "Different Kinds of Goods Quiz" App Download: Product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as; MCQ with answers: excludable good, private good, rivalry good, and public good. Solve public goods and common resources questions and answers to improve problem solving skills for economics structured learning.

Different Kinds of Goods Quiz – Mock Test 17 PDF Download

MCQ 81: The product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as:

private good
excludable good
public good
rivalry good

MCQ 82: The model that suggests that relative economic size attracts countries to trade while longer distance discourages attractiveness falls under:

ricardo model
gravity model of trade
heckscher-ohlin model
IS-LM model

MCQ 83: Online news media has drawn customers away from physical newspapers, is an example of:

technological under employment
technological structural unemployment
technological frictional unemployment
technological efficiency

MCQ 84: Cost of forgoing one alternative over another is known as:

average cost
marginal cost
opportunity cost
fixed cost

MCQ 85: The amount of money a person spends on imports as a percentage of total income is known as:

marginal propensity to imports
marginal propensity to exports
average propensity to exports
average propensity to imports

Economics Quiz App & eBook – Different Kinds of Goods Admission Tests

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