Economics Exam Prep MCQs – Mock Test 44

PPF MCQs with Answers PDF Download – Test 44

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PPF MCQs PDF Download – Mock Test 44

MCQ 216: The two end-points of PPF are being drawn to show the:

equilibrium
extreme possibilities
no relationship
extreme negation

MCQ 217: The network of people that trade individually with each other is known as:

mortgage market
over-the-counter market
foreign market
inter bank market

MCQ 218: A parable that illustrates why common resources are used more than is desirable from the standpoint of a society as a whole is known as:

internalizing the externality
tragedy of the commons
natural monopoly
revealed preference

MCQ 219: A situation in which firms choose their best strategy given the strategies chosen by the other firms in the market is called:

equilibrium
pareto efficiency
ceteris paribus
Nash equilibrium

MCQ 220: All combinations of risk and wages that yield the same level of utility is known as:

isoquant
indifference curve
iso-profit line
marginal profit line

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