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Economics Practice Test 3

Balance of Payments Accounting Principles Notes Questions with Answers PDF Download - 3

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The Quiz: 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, summary statement, and balance of payments for business management degree online. Practice balance of payments questions and answers to improve problem solving skills for online courses for business management degree.

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Balance of Payments Accounting Principles Quiz with Answers PDF Download: MCQs 3

MCQ: 11

A statement that summarizes an economy's transactions with the rest of the world for a specified time period is known as

  1. transfer payments
  2. balance sheet
  3. balance of payments
  4. summary statement
MCQ: 12

The trade of products that belongs to same industry is known to be as

  1. intra-industry trade
  2. inter-industry trade
  3. gains from trade
  4. trade with specialization
MCQ: 13

When firm's marginal revenue is equals to the firm's marginal cost, that situation is known as

  1. equilibrium
  2. profit maximization
  3. pareto efficiency
  4. efficient scale
MCQ: 14

The process of allocating capital in a way that reduces the exposure to any one particular asset or risk is known to be as

  1. risk criterion
  2. risk assessment
  3. risk value
  4. risk diversification
MCQ: 15

Economic profit is concerned with implicit cost, explicit cost as well as

  1. opportunity cost
  2. accounting profit
  3. economic losses
  4. total cost

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Balance of Payments Accounting Principles Quiz App (Android & iOS)

Balance of Payments Accounting Principles Quiz App

Balance of Payments Accounting Principles Quiz App (iOS & Android)

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