Between Monopoly and Perfect Competition Multiple Choice Questions (MCQ) PDF - 92

MCQ 456: A type of condition occurs when a single firm has market power in employing its factors of production is known as

1. monopolistic competition
2. price leadership
3. monopsony
4. prisoner's dilemma

MCQ 457: The type of graph that shows the country's willingness to trade at various possible terms of trade is known as

1. indifference curve
2. offer curves
3. isoquant
4. IS-LM curve

MCQ 458: The type of curve that relates with the combination of the demand for imports and the supply of exports that is willing to buy and sell on world market prices at all possible relative prices is known as

1. indifference curve
2. isoquants
3. offer curves
4. partial equilibrium

MCQ 459: Effective exchange rate in economics is also named as

1. cross exchange rate
2. foreign exchange rate
3. zero exchange rate
4. nominal effective exchange rate

MCQ 460: The theorem that relates between relative prices of output and relative factor rewards is known as

1. stolper-samuelson theorem
2. Ricardo theorem
3. laissez faire theorem
4. labor demand theory