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Economics Cerification Guide: Mock Test 31

Different Kinds of Goods Notes Questions with Answers PDF Download - 31

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Different Kinds of Goods Quiz with Answers PDF Download: MCQs 31

MCQ: 151

If both private and public be joined together gives you a good named

  1. mixed good
  2. bad good
  3. patent good
  4. total cost
MCQ: 152

The type of activity refers to the increase in economic welfare from joining a free trade area, such as a custom union is known as

  1. trade creating
  2. trade diversion
  3. benefits from free trade
  4. comparative advantage
MCQ: 153

When wages are lower, labor becomes relatively cheaper as compare to

  1. capital
  2. land
  3. building
  4. hiring
MCQ: 154

There are a little restrictions or barriers to enter or exit the market, it is only applicable in

  1. free market
  2. oligopoly
  3. imperfect market
  4. monopolistic competitive market
MCQ: 155

When no player in a game can increase his or her payoff by unilaterally changing their actions is an example of

  1. Nash equilibrium
  2. duopoly
  3. game theory
  4. pareto efficiency

Different Kinds of Goods Cerification Guide: Economics App & eBook Notes

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Different Kinds of Goods Quiz App (Android & iOS)

Different Kinds of Goods Quiz App

BBA Economics Quiz App (iOS & Android)

BBA Economics Quiz App

Cost Accounting Quiz App (Android & iOS)

Cost Accounting Quiz App

Marketing Principles Quiz App (iOS & Android)

Marketing Principles Quiz App