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Globalization Challenge Quiz Questions 1

Practice globalization challenge quizzes, economics quiz 1 to learn. Free BBA economics MCQs questions and answers to learn 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 questions 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 to test study skills. For eLearning, study online globalization of world economy multiple choice questions based quiz questions and answers.

Quiz on Globalization Challenge Worksheet 1

Globalization Challenge Quiz

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

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

B