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Different Kinds of Goods Quizzes Online MCQs PDF Download 17

Practice Different Kinds of Goods quiz questions, different kinds of goods multiple choice questions and answers PDF to prepare economics exam worksheet 17 for online certificate programs. Practice Public Goods and Common Resources quiz with answers, different kinds of goods multiple choice Questions and Answers (MCQ) to solve different kinds of goods test with answers for online university degrees. Free different kinds of goods MCQs, income determination in closed economy, ppf, some determinants of equilibrium wage, international flow of goods and services, different kinds of goods test prep for business administration degree courses.

"The product that one individual can consume without reducing its availability to another individual, and from which no one is excluded is known as", different kinds of goods Multiple Choice Questions (MCQ) with choices excludable good, private good, public good, and rivalry good to study online schools courses. Learn public goods and common resources questions and answers with free online certification courses for online business administration courses.

Different Kinds of Goods Questions and Answers PDF Download 17

Different Kinds of Goods Quiz

MCQ: The 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: The 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: The 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