Different Kinds of Goods Quiz Questions and Answers PDF Download 31
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"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
MCQ: If both private and public be joined together gives you a good named
- mixed good
- bad good
- patent good
- total cost
A
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
- trade creating
- trade diversion
- benefits from free trade
- comparative advantage
A
MCQ: When wages are lower, labor becomes relatively cheaper as compare to
- capital
- land
- building
- hiring
A
MCQ: There are a little restrictions or barriers to enter or exit the market, it is only applicable in
- free market
- oligopoly
- imperfect market
- monopolistic competitive market
D
MCQ: When no player in a game can increase his or her payoff by unilaterally changing their actions is an example of
- Nash equilibrium
- duopoly
- game theory
- pareto efficiency
A