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Different Kinds of Goods Quiz Questions and Answers PDF Download 31

Practice Different Kinds of Goods quiz questions and answers, different kinds of goods MCQs with answers PDF to solve economics worksheet 31 for online graduate programs. Practice Public Goods and Common Resources quiz questions 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, between monopoly and perfect competition, why monopoly arise?, demand for labor, trade creating custom unions, different kinds of goods test prep for online business administration degree.

"If both private and public be joined together gives you a good named", different kinds of goods Multiple Choice Questions (MCQ) with choices bad good, mixed good, patent good, and total cost for master of science in economics. Learn public goods and common resources questions and answers with free online certification courses for BA in business administration.

Quiz on Different Kinds of Goods PDF Download 31

Different Kinds of Goods Quiz

MCQ: If both private and public be joined together gives you a good named

  1. mixed good
  2. bad good
  3. patent good
  4. total cost

A

Trade Creating Custom Unions Quiz

MCQ: The type of activity refers to the increase in economic welfare from joining a free trade area, such as a custom union is known as

  1. trade creating
  2. trade diversion
  3. benefits from free trade
  4. comparative advantage

A

Demand for Labor Quiz

MCQ: When wages are lower, labor becomes relatively cheaper as compare to

  1. capital
  2. land
  3. building
  4. hiring

A

Why Monopoly Arise? Quiz

MCQ: There are a little restrictions or barriers to enter or exit the market, it is only applicable in

  1. free market
  2. oligopoly
  3. imperfect market
  4. monopolistic competitive market

D

Between Monopoly & Perfect Competition Quiz

MCQ: When no player in a game can increase his or her payoff by unilaterally changing their actions is an example of

  1. Nash equilibrium
  2. duopoly
  3. game theory
  4. pareto efficiency

A