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Different Kinds of Goods Quiz Question and Answers 17 PDF Download

Learn different kinds of goods quiz questions, online economics test 17 for distance learning degree, online courses. Colleges and universities courses MCQs on public goods and common resources quiz, different kinds of goods multiple choice questions and answers to learn different kinds of goods quiz with answers. Practice different kinds of goods MCQs career test assessment on income determination in closed economy, ppf, some determinants of equilibrium wage, international flow of goods & services, different kinds of goods practice test for online economics system courses distance learning.

Study bachelor degree and masters degree in economics questions, different kinds of goods online course has multiple choice question (MCQs): product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as with options private good, excludable good, public good and rivalry good for online scholarships competitive exams with BBA, MBA degree course preparation. Learn public goods and common resources quiz questions with problem solving skills assessment test.

Quiz on Different Kinds of Goods Worksheet 17

Different Kinds of Goods Quiz

MCQ: Product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as

  1. private good
  2. excludable good
  3. public good
  4. rivalry good

C

International Flow of Goods & Services Quiz

MCQ: Model that suggests that relative economic size attracts countries to trade while longer distance discourages attractiveness falls under

  1. ricardo model
  2. gravity model of trade
  3. heckscher-ohlin model
  4. IS-LM model

B

Some Determinants of Equilibrium Wage Quiz

MCQ: Online news media has drawn customers away from physical newspapers, is an example of

  1. technological under employment
  2. technological structural unemployment
  3. technological frictional unemployment
  4. technological efficiency

B

PPF Quiz

MCQ: Cost of forgoing one alternative over another is known as

  1. average cost
  2. marginal cost
  3. opportunity cost
  4. fixed cost

C

Income Determination in Closed Economy Quiz

MCQ: ?amount of money a person spends on?imports as a percentage of total income is known as

  1. marginal propensity to imports
  2. marginal propensity to exports
  3. average propensity to exports
  4. average propensity to imports

D