Economics Certification Exam Tests
Economics Practice Test 3
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MCQ 11: A statement that summarizes an economy's transactions with the rest of the world for a specified time period is known as
MCQ 12: The trade of products that belongs to same industry is known to be as
MCQ 13: When firm's marginal revenue is equals to the firm's marginal cost, that situation is known as
MCQ 14: The process of allocating capital in a way that reduces the exposure to any one particular asset or risk is known to be as
MCQ 15: Economic profit is concerned with implicit cost, explicit cost as well as
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