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Economics MCQs – Mock Test 17

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The MCQ: The product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as "Different Kinds of Goods Quiz" App Download [Free] with answers: excludable good, private good, rivalry good, and public good for best online colleges for business administration. Solve public goods and common resources questions and answers to improve problem solving skills for online business management degrees.

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

  1. private good
  2. excludable good
  3. public good
  4. rivalry good
MCQ: 82

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

  1. ricardo model
  2. gravity model of trade
  3. heckscher-ohlin model
  4. IS-LM model
MCQ: 83

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

  1. technological under employment
  2. technological structural unemployment
  3. technological frictional unemployment
  4. technological efficiency
MCQ: 84

Cost of forgoing one alternative over another is known as

  1. average cost
  2. marginal cost
  3. opportunity cost
  4. fixed cost
MCQ: 85

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

  1. marginal propensity to imports
  2. marginal propensity to exports
  3. average propensity to exports
  4. average propensity to imports

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BBA Economics Quiz Apps (iOS & Android)

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Human Resource Management (BBA) Quiz App

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