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Economics MCQs – Mock Test 78

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The Balance of Payments Accounting Principles Multiple Choice Questions (MCQ) with Answers PDF (Balance of Payments Accounting Principles MCQs PDF e-Book) download Ch. 1-78 to learn Economics online course. Study Balance of Payments MCQ Questions PDF, balance of payments accounting principles Test to learn distance learning courses. Download the Economics MCQ App – Free 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 for online BBA degree.

The MCQ: When the country's imports more goods, services and capital than it exports, it is called "Economics MCQ" App (Android, iOS) with answers: deficit balance of payment, surplus balance of payments, net inflow, and net outflow to learn distance learning courses. Practice balance of payments questions and answers to improve problem solving skills for accredited online business schools.

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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