Economics Practice Test 50
Different Kinds of Goods MCQ (Multiple Choice Questions) PDF - 50
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The MCQs: A modern example of tragedy of the commons is known as; "Different Kinds of Goods" App Download (iOS & Android) Free with answers environmental degradation, unhygienic food, smoking/drinking alcohol and pollution to study online tutor courses. Practice public goods and common resources questions and answers to improve problem solving skills for online colleges for business management.
Different Kinds of Goods Questions and Answers PDF Download: Quiz 50
MCQ 246: A modern example of tragedy of the commons is known as
- unhygienic food
- environmental degradation
- smoking/drinking alcohol
- pollution
MCQ 247: Among many, one primary economic model is known to be as
- aggregate demand and aggregate supply model
- monetary model
- interest rate model
- bias model
MCQ 248: The theory that states that the decision maker should select the course of action whose maximum loss is better than the minimum loss of all other courses of action possible in given circumstances is known as
- utilitarianism
- social insurance
- maxim in criterion
- libertarianism
MCQ 249: The type of model that deals with the time series and the stages of adjustment itself is called as
- dynamic analysis
- static analysis
- comparative static analysis
- zero analysis
MCQ 250: A situation when the price is charged more than or less than the equilibrium price determined by market forces is known to be as
- price floor
- price ceiling
- binding
- equilibrium
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