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Federal Government Quizzes Online MCQs PDF Download 86

Practice Federal Government quiz questions, federal government multiple choice questions and answers PDF to prepare economics exam worksheet 86 for online certificate programs. Practice Design of Tax System quiz with answers, federal government multiple choice Questions and Answers (MCQ) to solve federal government test with answers for online university degrees. Free federal government MCQs, income determination in closed economy, demand for labor, society faces s.r trade off between inflation and ?, trade creating custom unions, federal government test prep for online bachelor degree programs in business administration.

"A payment that is one-way payment to a person for which no money, good, or service is given or exchanged is known as", federal government Multiple Choice Questions (MCQ) with choices transfer payment, transaction cost, precautionary payment, and speculative payment to study online certification courses. Learn design of tax system questions and answers with free online certification courses for online BBA business administration.

Federal Government Questions and Answers PDF Download 86

Federal Government Quiz

MCQ: A payment that is one-way payment to a person for which no money, good, or service is given or exchanged is known as

  1. transaction cost
  2. transfer payment
  3. precautionary payment
  4. speculative payment

B

Trade Creating Custom Unions Quiz

MCQ: The theory that suggests when two or more markets aren't perfectly competitive, then effect to correct one of them would distort the economy from pareto efficiency is known as

  1. the theory of international trade
  2. theory of comparative advantage
  3. the theory of the second best
  4. the theory of absolute advantage

C

Society faces S.R trade off between inflation & ? Quiz

MCQ: One can reduce the tradeoff between unemployment and inflation with the help of

  1. policy makers
  2. equilibrium of Demand and Supply
  3. trade off
  4. increasing employment

A

Demand for Labor Quiz

MCQ: The additional revenue the firm earns by employing one more unit of labor is known as

  1. marginal propensity to consume
  2. marginal physical product of labor
  3. average product of labor
  4. marginal revenue product of labor

D

Income Determination in Closed Economy Quiz

MCQ: The term that refers to the total level of spending in an economy is known as

  1. growth
  2. absorption
  3. observation
  4. flow

B