Economics Entrance Exam MCQs – Mock Test 93

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

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Free Growth of Factors of Production Quiz App Download: Changes in capital and labor becomes almost equal when both increased by same rate only when; MCQ with answers: factors are identical, factors are neutral, factor is one, and factors are carrying. Solve economic growth and international trade questions and answers to improve problem solving skills for economics structured learning.

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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