Economics Practice Test 3
Balance of Payments Accounting Principles Quiz Questions with Answers PDF Download - 3
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The Trivia MCQ: A statement that summarizes an economy's transactions with the rest of the world for a specified time period is known as; "Balance of Payments Accounting Principles" App (iOS & Android) with answers: Balance sheet; Transfer payments; Balance of payments; Summary statement; for business management degree online. Practice balance of payments questions and answers to improve problem solving skills for online courses for business management degree.
Balance of Payments Accounting Principles Quiz with Answers PDF Download: MCQs 3
A statement that summarizes an economy's transactions with the rest of the world for a specified time period is known as
- transfer payments
- balance sheet
- balance of payments
- summary statement
The trade of products that belongs to same industry is known to be as
- intra-industry trade
- inter-industry trade
- gains from trade
- trade with specialization
When firm's marginal revenue is equals to the firm's marginal cost, that situation is known as
- equilibrium
- profit maximization
- pareto efficiency
- efficient scale
The process of allocating capital in a way that reduces the exposure to any one particular asset or risk is known to be as
- risk criterion
- risk assessment
- risk value
- risk diversification
Economic profit is concerned with implicit cost, explicit cost as well as
- opportunity cost
- accounting profit
- economic losses
- total cost
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- Pricing technique which considers pricing for customers living in different locations around world is classified as
- 'banking services' and 'hotel services' are examples of
- Primary data which is gathered by observing relevant actions and people is called
- 'buyer's black box' consists of
- Set of organizations interdependent on each other that help in making market offerings available to customer are called
Balance of Payments Accounting Principles Quiz Book Questions
- Type of transactions that refers to achieve some economic motive like earning income and profit maximization is known as
- Sum of producer surplus and consumer surplus gives you measures that any buyer and seller will get is known as
- Best opportunity to increase country's prosperity is
- One of elasticity of demand is calculated as ratio of percentage change in quantity demanded to percentage change in his income is known as
- Globalization leads to encouragement of technological innovation and