Economics MCQs – Mock Test 22

Some Determinants of Equilibrium Wage MCQs with Answers PDF Download – Test 22

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Some Determinants of Equilibrium Wage MCQs – Mock Test 22 PDF Download

MCQ 106: The price of a good or service at which quantity supplied is equal to quantity demanded, also called the equilibrium price is known as:

Nash equilibrium prices
efficient prices
premium prices
market clearing prices

MCQ 107: When we give up some product or service to get something we desire is known as:

psychology
incentive
trade off
economics

MCQ 108: A tax system that imposes small dead weight loss and also little of administrative burdens is known as:

effective tax system
partial tax system
dead weight loss
bad tax system

MCQ 109: The concept that relates with the prices of exports of a country relative to the prices of its imports is calls as:

balance of trade
balance of payments
terms of trade
term of balance

MCQ 110: When a country produces more exports and buys more imports will causes the offer curves to:

move upward
shifts
move
constant

Some Determinants of Equilibrium Wage MCQ App & eBook – Economics Study Guide

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