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Different Kinds of Goods Quiz Question and Answers 17 PDF Book Download

Different kinds of goods quiz, different kinds of goods MCQs answers, economics quiz 17 to learn economics online courses. College and university courses MCQs, public goods and common resources quiz questions and answers, different kinds of goods multiple choice questions to practice different kinds of goods test with answers. Learn different kinds of goods MCQs, career test on ppf, some determinants of equilibrium wage, international flow of goods and services, different kinds of goods test prep for business administration certifications.

Practice different kinds of goods career test with 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 choices private good, excludable good, public good, and rivalry good for online business degree. Learn public goods and common resources questions and answers for scholarships exams' problem-solving, 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