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Economics Cerification Guide: Mock Test 39

International Economic Theories and Policies Notes Questions with Answers PDF Download - 39

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International Economic Theories & Policies Quiz with Answers PDF Download: MCQs 39

MCQ: 191

An example of over-the-counter market is very common and is known as

  1. FedEx
  2. forex trading
  3. bid trading
  4. leverage
MCQ: 192

The concept where the production of imports-competing products increases relatively more is known as

  1. pro trade
  2. anti trade
  3. neutral trade
  4. zero trade
MCQ: 193

A situation where there are large buyers and sellers and everyone is working for their own wellness is

  1. monopoly
  2. normal profit
  3. free market
  4. oligopoly
MCQ: 194

The factors that causes the average cost of producing something to fall as the volume of its output increases is called as

  1. economies of scale
  2. diseconomies of scale
  3. economies of scope
  4. diseconomies of scope
MCQ: 195

A situation when producing or consuming a good cause an impact on third parties not directly related to the transaction is known as

  1. externality
  2. public good
  3. positive externality
  4. negative externality

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