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Production Possibility Frontier with Increasing Costs Quizzes Online MCQs PDF Download 38

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Production Possibility Frontier with Increasing Costs Questions and Answers PDF Download 38

Production Possibility Frontier with Increasing Costs Quiz

MCQ: The curve that restricts to produce to improve the efficiency of the economy is known as

  1. indifference curves
  2. isoquants
  3. production possibility frontier
  4. IS-LM curve

C

Growth of Factors of Production Quiz

MCQ: The relationship between wealth and nation's welfare is always

  1. negatively sloped
  2. positively sloped
  3. zero relationship
  4. stagnant relationship

B

Economies of Scale & International Trade Quiz

MCQ: The practice in which different companies reduces costs by transferring portions of work to outside suppliers rather than completing it internally is known as

  1. outreaching
  2. outsourcing
  3. off shoring
  4. international trade

B

Market Efficiency Quiz

MCQ: The concept regarding to equality or idea of fairness in economics, particularly in regard to taxation or welfare economics is called as

  1. efficiency
  2. equilibrium
  3. surplus
  4. equity

D

Markets are usually good way to organize economic activity Quiz

MCQ: Where firm desire whom to hire and what to produce is called

  1. leadership
  2. market economy
  3. monopoly
  4. wealth of nations

B