Economics Practice Test 42
Factor Intensity Factor Abundance and Shape of Frontier Curve MCQ (Multiple Choice Questions) PDF - 42
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The MCQs: A theory in economics explaining that countries export what can be most efficiently and plentifully produced is known as; "Factor Intensity Factor Abundance & Shape of Frontier Curve" App Download (iOS & Android) Free with answers money demand theory, is-lm theory, labor supply theory and hecksher-ohlin theory for online economics certificate programs. Practice factor endowments and hecksher-ohlin theory questions and answers to improve problem solving skills for online business and management degree.
Factor Intensity Factor Abundance & Shape of Frontier Curve Questions and Answers PDF Download: Quiz 42
MCQ 206: A theory in economics explaining that countries export what can be most efficiently and plentifully produced is known as
- IS-LM theory
- money demand theory
- labor supply theory
- hecksher-ohlin theory
MCQ 207: The theory that suggests that the value of a commodity could be measured objectively by the average number of labor hours necessary to produce it is known as
- opportunity cost theory
- labor demand theory
- labor theory of value
- labor supply theory
MCQ 208: The situation prevailing in the economy that refers to the lack of means necessary to meet basic needs such as food, clothing and shelter is known as
- inequality
- poverty
- inefficiency
- deficit
MCQ 209: When any firm makes an advancement in its industrial break through itself, it needs
- property rights
- property tax
- patent protection
- trademark
MCQ 210: When a firm is failing to cover all costs of production, it is heading towards
- economic profits
- abnormal profit
- normal profit
- economic losses
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Principles of Marketing Quiz with Answers
- Factors that can affect purchase decision and attention are
- Marketing services agencies includes
- Fixed equipment such as office generators, drill presses and elevators are classified as
- Retail stores such as Best Buy, Staples and Pet Smart are examples of
- If the company A works through website and sell its handbags only
- Kind of costs which is directly proportional to level of production are called
Factor Intensity Factor Abundance & Shape of Frontier Curve Quiz Book Questions
- Network of people that trade individually with each other is known as
- A group of companies countries or other entities that agree to work
- Concept of exchanging goods and services between two people, countries is known as
- People who spend systematically in a sense they get the desired objectives are
- One of the reason that can cause deadweight loss because it discourages
- Rate at which a consumer is ready to give up one good