Income Determination in Closed Economy Questions and Answers PDF Download 21
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"The type of investment that accounts both raw and finished items is known as", income determination in closed economy Multiple Choice Questions (MCQ) with choices foreign investment, direct investment, planned investment, and inventory investment for online economics degree courses. Learn income adjustment mechanism and synthesis of automatic adjustments questions and answers with free online certification courses for online business administration and management degree.
Trivia Quiz on Income Determination in Closed Economy PDF Download 21
MCQ: The type of investment that accounts both raw and finished items is known as
- direct investment
- foreign investment
- planned investment
- inventory investment
D
MCQ: A case of elasticity that is either be equal to unity or greater than unity or less and vice versa is known as
- elasticity of demand
- inelasticity of demand
- elasticity of supply
- inelasticity of supply
C
MCQ: Most of the production functions do not have straight lines and are
- positive increasing
- positive decreasing
- negative decreasing
- curved
B
MCQ: The type of industry where a single firm is able to supply a product or service at a lower cost as compare to the other firms prevailing in the market is known as
- natural monopoly
- monopoly resources
- oligopoly
- price leadership
A
MCQ: The proportion of an aggregate raise in pay that a consumer spends on the consumption of goods and services, as opposed to saving it is known as
- marginal propensity to save
- investment function
- marginal propensity to consume
- saving function
C