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Economics Competitive Exam: Mock Test 43

Partial Equilibrium Analysis Notes Questions with Answers PDF Download - 43

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The Quiz: 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 "Partial Equilibrium Analysis" App (iOS, Android) with answers: contract curve, offer curves, demand curve, and indifference curve for bachelor's degree in business. Practice demand and supply, offer curves and terms of trade questions and answers to improve problem solving skills for online BBA degree.

Partial Equilibrium Analysis Quiz with Answers PDF Download: MCQs 43

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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