Federal Government Multiple Choice Questions and Answers PDF – Test 86

MCQ 426: A payment that is one-way payment to a person for which no money, good, or service is given or exchanged is known as:

1. transaction cost
2. transfer payment
3. precautionary payment
4. speculative payment

MCQ 427: The theory that suggests when two or more markets aren't perfectly competitive, then effect to correct one of them would distort the economy from pareto efficiency is known as:

1. the theory of international trade
2. theory of comparative advantage
3. the theory of the second best
4. the theory of absolute advantage

MCQ 428: One can reduce the tradeoff between unemployment and inflation with the help of:

1. policy makers
2. equilibrium of Demand and Supply
3. trade off
4. increasing employment

MCQ 429: The additional revenue the firm earns by employing one more unit of labor is known as:

1. marginal propensity to consume
2. marginal physical product of labor
3. average product of labor
4. marginal revenue product of labor

MCQ 430: The term that refers to the total level of spending in an economy is known as:

1. growth
2. absorption
3. observation
4. flow