Economics MCQs – Mock Test 86

Federal Government MCQs with Answers PDF Download – Test 86

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The MCQ: A payment that is one-way payment to a person for which no money, good, or service is given or exchanged is known as "Economics MCQ" App (Android, iOS) with answers: transfer payment, transaction cost, speculative payment, and precautionary payment to learn online MBA economics courses. Practice design of tax system questions and answers to improve problem solving skills to learn free online courses.

Federal Government MCQs – Mock Test 86 PDF Download

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

transaction cost
transfer payment
precautionary payment
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

the theory of international trade
theory of comparative advantage
the theory of the second best
the theory of absolute advantage

MCQ: 428

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

policy makers
equilibrium of Demand and Supply
trade off
increasing employment

MCQ: 429

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

marginal propensity to consume
marginal physical product of labor
average product of labor
marginal revenue product of labor

MCQ: 430

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

growth
absorption
observation
flow

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