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Different Kinds of Goods MCQ App Download | Economics e-Book PDF

Economics Study Material: Mock Test 18

Different Kinds of Goods MCQs (Multiple Choice Questions) PDF Download - 18

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The MCQs: A good that is excludable but non-rivalrous like access to private parks and membership in an European Union is known as "Different Kinds of Goods" App (Android, iOS) with answers: public good, common resource, private good, and club/toll good to study economics degree courses. Practice public goods and common resources questions and answers to improve problem solving skills for online bachelor's degree in business management.

Different Kinds of Goods MCQ with Answers PDF Download: Quiz 18

MCQ: 86

A good that is excludable but non-rivalrous like access to private parks and membership in an European Union is known as

  1. common resource
  2. public good
  3. club/toll good
  4. private good
MCQ: 87

The number of hours people are willing and able to supply at a given wage rate is known as

  1. labor demand
  2. derived demand
  3. labor supply
  4. marginal physical labor
MCQ: 88

A type of policy by government that is to encourage export of goods and discourage sale of goods on the domestic market is known as

  1. commercial policy
  2. voluntary export restraint
  3. export subsidy
  4. import subsidy
MCQ: 89

When a country's businesses lower the sales price of its exports to gain unfair market share, this is known as

  1. dumping
  2. anti-dumping
  3. persistent dumping
  4. sporadic dumping
MCQ: 90

The factor by which gains in total output are greater than the change in spending that caused it is known as

  1. differential effect
  2. no effect
  3. multiplier effect
  4. positive effect

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