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Globalization Challenge Quiz Questions and Answers 1 PDF Online Download

Practice globalization challenge quiz questions and answers, globalization challenge MCQs with answers, economics test prep 1 to learn economics for online business degree programs. Globalization of world economy quiz, globalization challenge Multiple Choice Questions (MCQs) to practice globalization challenge test with answers for online university degrees. Free globalization challenge MCQs, demand for labor, different kinds of goods, ppf, globalization challenge test prep for online business degree.

Learn globalization challenge multiple choice question (MCQs): act of restraining trade between states through methods such as tariffs on imported goods is known as, with choices globalization, foreign direct investment, embargo, and protectionism for online BBA courses. Learn globalization of world economy questions and answers to improve problem solving skills for free online classes.

Quiz: Globalization Challenge MCQs with Answers 1

Globalization Challenge MCQ

1. 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



2. 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 the ratio by which two goods are being measured


Different Kinds of Goods MCQ

3. 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


Demand for Labor MCQ

4. 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


Some Determinants of Equilibrium Wage MCQ

5. 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