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Economics Admission Tests: Mock Test 89

Supply Curve Quiz Questions and Answers PDF Download - 89

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The Quiz: A situation where different quantities of goods can be supplied at different prices is known as "Supply Curve" App Download [Free] with answers: isoquant, quantity demanded, supply curve, and quantity supplied for online schools for business administration. Solve market forces and demand and supply questions and answers to improve problem solving skills for online economics masters programs.

Supply Curve Questions and Answers PDF Download: MCQ 89

MCQ: 441

A situation where different quantities of goods can be supplied at different prices is known as

  1. quantity demanded
  2. isoquant
  3. quantity supplied
  4. supply curve
MCQ: 442

A situation is achieved when an entity, such as political state, is self sufficient and exists without external aid is known as

  1. equilibrium
  2. pareto efficiency
  3. autarky
  4. optimal point
MCQ: 443

When any country starts doing trade with other country by importing their product, it lets the consumers of one's country to be

  1. better off
  2. specialized
  3. worse off
  4. gain
MCQ: 444

If the economy is uncompetitive and stuck in a recession, then the following concept will be helpful i.e.

  1. devaluation of exchange rates
  2. evaluation of exchange rates
  3. shoe-leather cost
  4. LM model
MCQ: 445

The process can lead to monopoly if a company captures the vast majority of the market for that product or service causes

  1. vertical integration
  2. backward integration
  3. horizontal integration
  4. integration

Supply Curve Admission Tests: Economics App & eBook Quizzes

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