Supply Curve Quiz Questions and Answers PDF - 89

MCQ 441: A situation where different quantities of goods can be supplied at different prices is known as

1. quantity demanded
2. isoquant
3. quantity supplied
4. supply curve

MCQ 442: A situation is achieved when an entity, such as political state, is self sufficient and exists without external aid is known as

1. equilibrium
2. pareto efficiency
3. autarky
4. optimal point

MCQ 443: When any country starts doing trade with other country by importing their product, it lets the consumers of one's country to be

1. better off
2. specialized
3. worse off
4. gain

MCQ 444: If the economy is uncompetitive and stuck in a recession, then the following concept will be helpful i.e.

1. devaluation of exchange rates
2. evaluation of exchange rates
3. shoe-leather cost
4. LM model

MCQ 445: The process can lead to monopoly if a company captures the vast majority of the market for that product or service causes

1. vertical integration
2. backward integration
3. horizontal integration
4. integration