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Economics MCQs – Mock Test 78

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Study Balance of Payments Accounting Principles Multiple Choice Questions (MCQ) with Answers PDF for online economics academic excellence. Download the Balance of Payments Accounting Principles MCQs PDF e-Book, Ch. 1-78 to learn Economics online course. Learn Balance of Payments MCQ Questions PDF, balance of payments accounting principles Test to master quantitative skills. Free Economics Learning App: Download Balance of Payments Accounting Principles MCQ App to learn factor intensity, factor abundance, and shape of frontier curve, general equilibrium analysis, mercantilist's view on trade, balance of payments accounting principles test prep to improve economics virtual communication.

Download Economics Learning App (Android & iOS) with MCQ: "When the country's imports more goods, services and capital than it exports, it is called"; with answers: deficit balance of payment, surplus balance of payments, net inflow, and net outflow. Practice balance of payments questions and answers to improve problem solving skills for online economics academic excellence.

Balance of Payments Accounting Principles MCQs – Mock Test 78 PDF Download

MCQ 386: When the country's imports more goods, services and capital than it exports, it is called:

  1. surplus balance of payments
  2. deficit balance of payment
  3. net outflow
  4. net inflow

MCQ 387: The gradient in the graph of production possibility curve shows the worth of:

  1. production
  2. opportunity cost
  3. marginal cost
  4. gains from trade

MCQ 388: The import-supply curve is infinitely inelastic, where the small countries are supposed to be as:

  1. price-setters
  2. buyers
  3. price-takers
  4. sellers

MCQ 389: Web hosting, car manufacturing and oil extraction and refining are the best examples of:

  1. capital intensive
  2. labor intensive
  3. individual intensive
  4. economy intensive

MCQ 390: A situation where there is reduction of incentives will result in decrease in the production of goods or services will shifts the:

  1. supply curve
  2. demand curve
  3. indifference curve
  4. isoquant

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