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

Economics Entrance Tests: Mock Test 32

Different Kinds of Goods Multiple Choice Questions (MCQs) PDF Download - 32

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The Different Kinds of Goods MCQ with Answers PDF (Different Kinds of Goods Multiple Choice Questions (MCQs) PDF e-Book) download Ch. 29-32 to learn Economics online courses. Solve Public Goods and Common Resources Quiz Answers PDF, different kinds of goods Test for online business administration degree. The Different Kinds of Goods MCQ Quiz App Download: Free Economics App to study why monopoly arise?, trade can make everyone better off, what is competitive market?, consumer surplus, different kinds of goods test prep to learn certification courses online.

The MCQ: A good is rival in consumption but not excludable is known to be as "Different Kinds of Goods" App (Free Android & iOS) with answers: common resource, scarce resource, private good, and public good for online business administration degree. Study public goods and common resources questions and answers to improve problem solving skills for grad cert business administration.

Different Kinds of Goods MCQ Quiz with Answers PDF Download: Test 32

MCQ: 156

A good is rival in consumption but not excludable is known to be as

  1. scarce resource
  2. common resource
  3. public good
  4. private good
MCQ: 157

The maximum amount of an individual is willing to sacrifice to procure a good or avoid something undesirable is known as

  1. willingness to accept
  2. willingness to pay
  3. consumer surplus
  4. consumer shortage
MCQ: 158

The law that gives the marginal cost curve a positive slope is known as

  1. law of diminishing returns
  2. law of equilibrium
  3. law of decreasing returns
  4. law of constant returns
MCQ: 159

Trade is the basis for the prosperity of a country as it allows

  1. exchange of goods
  2. specialization
  3. Ex. Of money
  4. growing economy
MCQ: 160

The concept that makes the market more competitive as well attracts new entrants to enter into the market is known to be as

  1. prices
  2. leadership
  3. monopolistic profits
  4. total profit

Different Kinds of Goods Entrance Tests: Economics App & eBook MCQs

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Different Kinds of Goods MCQs App (Android & iOS)

Different Kinds of Goods MCQs App

BBA Economics MCQs App (iOS & Android)

BBA Economics MCQs App

Human Resource Management (BBA) MCQs App (Android & iOS)

Human Resource Management (BBA) MCQs App

Financial Management MCQs App (iOS & Android)

Financial Management MCQs App