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Globalization Challenge Quiz Question and Answers 1 PDF Download

Practice globalization challenge quiz, economics quiz 1 for online learning. Free BBA economics MCQs questions and answers to practice globalization challenge MCQs with answers. Practice MCQs to test knowledge on globalization challenge, ppf, different kinds of goods, demand for labor, some determinants of equilibrium wage worksheets.

Free globalization challenge worksheet has multiple choice quiz question as act of restraining trade between states through methods such as tariffs on imported goods is known as, answer key with choices as globalization , foreign direct investment, embargo and protectionism problem solving to test study skills. For online learning, viva help and jobs' interview preparation tips, study globalization of world economy multiple choice questions based quiz question and answers.

Quiz on Globalization Challenge Worksheet 1

Globalization Challenge Quiz

MCQ. The act of restraining trade between states through methods such as tariffs on imported goods is known as

  1. globalization
  2. foreign direct investment
  3. embargo
  4. protectionism

D

PPF Quiz

MCQ. Among many, one of the exclusive assumption for production possibility curve is

  1. resources are fully utilized
  2. level of technology has to be flexible
  3. large resources can help goods to be produced in bulk
  4. MPRS Is the ratio by which two goods are being measured

A

Different Kinds of Goods Quiz

MCQ. A good that is both private and public, including partial excludability, partial rivalry, partial diminishability and partial reject ability is known as

  1. public good
  2. rivalry good
  3. revealed preference
  4. quasi good

D

Demand for Labor Quiz

MCQ. The situation when workers leave their jobs to find better ones is known to be as

  1. frictional unemployment
  2. derived demand
  3. full unemployment
  4. under employment

A

Some Determinants of Equilibrium Wage Quiz

MCQ. Job availability, wages, the prices or availability of goods and services, and the amount of capital investment funding available to minorities for business are the best example of

  1. price discrimination
  2. economic discrimination
  3. society discrimination
  4. job discrimination

B