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Different Kinds of Goods Quiz Question and Answers 17 PDF Download

Learn different kinds of goods quiz, online economics test 17 for distance learning, online courses. Free BBA economics MCQs questions and answers to learn different kinds of goods MCQs with answers. Practice MCQs to test knowledge on different kinds of goods with answers, income determination in closed economy, ppf, some determinants of equilibrium wage, international flow of goods & services, different kinds of goods test for online economics system courses distance learning.

Free different kinds of goods online course worksheet has multiple choice quiz question: product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as with choices private good, excludable good, public good and rivalry good for online scholarships competitive exams with BBA, MBA degree course preparation, study public goods and common resources multiple choice questions based quiz question and answers.

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