Economics Entrance Exam MCQs – Mock Test 93

Growth of Factors of Production Quiz with Answers PDF Download – Test 93

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Growth of Factors of Production Quiz – Mock Test 93 PDF Download

MCQ 461: The changes in capital and labor becomes almost equal when both increased by same rate only when:

factors are neutral
factors are identical
factors are carrying
factor is one

MCQ 462: In economics, there is loss of economic efficiency that can occur when equilibrium for a good or service is not achieved or is not achievable is known as:

tax burden
deadweight loss
loss of buying or selling
loss of technology

MCQ 463: Dumping is just like monopoly but in dumping one is the domestic market and the other is a:

firm
foreign market
community
culture

MCQ 464: Import quota is being levied to benefit the people and industries of:

own country
abroad
single community
single individual

MCQ 465: The term that refers as the less the government is involved in the economy, the better off business will be and society as a whole is called as:

laissez-faire
socialism
capitalism
communism

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