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Economics Competitive Exam MCQs – Mock Test 43

Partial Equilibrium Analysis Notes Questions with Answers PDF Download – Test 43

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The "Partial Equilibrium Analysis Notes" App Download (iOS & Android): Set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods is known as; MCQ with answers: contract curve, offer curves, demand curve, and indifference curve. Practice demand and supply, offer curves and terms of trade questions and answers to improve problem solving skills to strengthen economics virtual credentials.

Partial Equilibrium Analysis MCQs – Mock Test 43 PDF Download

MCQ 211: The set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods is known as:

  1. offer curves
  2. contract curve
  3. indifference curve
  4. demand curve

MCQ 212: The changes in the capital saving technological change is closely dependent upon the:

  1. increase of labor
  2. increase of efficiency
  3. increase of capital
  4. increase of machines

MCQ 213: Drivers energy and time are being wasted as he/she:

  1. uses petrol
  2. drives slowly
  3. stops on every signal
  4. when roads are clear

MCQ 214: A government restriction on the quantities of a particular commodity that maybe sold outside the nation's boundaries for a specific period of time is known as:

  1. export quota
  2. import quota
  3. quota rent
  4. embargo

MCQ 215: If two persons are trading in two different categories, he would get best output from one and a little less from other, this process is known as:

  1. specialization
  2. gains from trade
  3. comparative advantage
  4. comparative disadvantage

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