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Circular Flow Diagram Questions and Answers PDF Download 57

Practice Circular Flow Diagram trivia questions and answers, circular flow diagram quiz answers PDF to solve economics mock test 57 for online degrees. Practice Thinking Like An Economist trivia questions and answers, circular flow diagram multiple choice Questions and Answers (MCQ) to solve circular flow diagram test with answers for online university degrees. Free circular flow diagram MCQs, what is competitive market?, world price and comparative advantage, circular flow diagram test prep for business administration bachelor degree online.

"In FOP market, circular flow is like", circular flow diagram Multiple Choice Questions (MCQ) with choices hh to firms, hh to organization, firms to hh, and organization to hh for online masters in economics. Learn thinking like an economist questions and answers with free online certification courses for online bachelor's degree in administration.

Trivia Quiz on Circular Flow Diagram PDF Download 57

Circular Flow Diagram Quiz

MCQ: In FOP market, circular flow is like

  1. HH to Organization
  2. HH to Firms
  3. Firms to HH
  4. Organization to HH

B

Circular Flow Diagram Quiz

MCQ: Firms in the economy produces goods/services by using inputs like

  1. diagrams, flow charts and equations
  2. revenue, taxes, households, services
  3. wages, building, machines, organizations
  4. labor, land, capital, entrepreneur

D

World Price & Comparative Advantage Quiz

MCQ: While comparing any good or service's international and domestic price gives you

  1. comparative disadvantage
  2. absolute advantage
  3. absolute disadvantage
  4. comparative advantage

D

What is Competitive Market? Quiz

MCQ: The concept of rivalry and competition is always present in the

  1. perfectly imperfect markets
  2. perfectly competitive markets
  3. monopoly
  4. oligopoly

B

Economies of Scale & International Trade Quiz

MCQ: The process when a product passes through a sequence of stages from introduction to growth, maturity, and decline is known as

  1. product life-cycle hypothesis
  2. income level hypothesis
  3. product cycle theory
  4. international marketing stages

C