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Factor Intensity Factor Abundance & Shape of Frontier Curve Questions and Answers PDF Download 42

Practice Factor Intensity Factor Abundance and Shape of Frontier Curve trivia questions and answers, factor intensity factor abundance and shape of frontier curve quiz answers PDF to solve economics mock test 42 for online degrees. Practice Factor Endowments and Hecksher-Ohlin Theory trivia questions and answers, factor intensity factor abundance and shape of frontier curve multiple choice Questions and Answers (MCQ) to solve factor intensity factor abundance and shape of frontier curve test with answers for online university degrees. Free factor intensity, factor abundance, and shape of frontier curve MCQs, what are costs?, externality and market efficiency, measurement of inequality, mercantilist's view on trade, factor intensity, factor abundance, and shape of frontier curve test prep for online business management classes.

"A theory in economics explaining that countries export what can be most efficiently and plentifully produced is known as", factor intensity factor abundance and shape of frontier curve Multiple Choice Questions (MCQ) with choices money demand theory, is-lm theory, labor supply theory, and hecksher-ohlin theory to learn e-learning courses. Learn factor endowments and hecksher-ohlin theory questions and answers with free online certification courses for online schools for business management degrees.

Trivia Quiz on Factor Intensity Factor Abundance & Shape of Frontier Curve PDF Download 42

Factor Intensity, Factor Abundance, & Shape of Frontier Curve Quiz

MCQ: A theory in economics explaining that countries export what can be most efficiently and plentifully produced is known as

  1. IS-LM theory
  2. money demand theory
  3. labor supply theory
  4. hecksher-ohlin theory

D

Mercantilist's View on Trade Quiz

MCQ: The theory that suggests that the value of a commodity could be measured objectively by the average number of labor hours necessary to produce it is known as

  1. opportunity cost theory
  2. labor demand theory
  3. labor theory of value
  4. labor supply theory

C

Measurement of Inequality Quiz

MCQ: The situation prevailing in the economy that refers to the lack of means necessary to meet basic needs such as food, clothing and shelter is known as

  1. inequality
  2. poverty
  3. inefficiency
  4. deficit

B

Externality & Market Efficiency Quiz

MCQ: When any firm makes an advancement in its industrial break through itself, it needs

  1. property rights
  2. property tax
  3. patent protection
  4. trademark

C

What are Costs? Quiz

MCQ: When a firm is failing to cover all costs of production, it is heading towards

  1. economic profits
  2. abnormal profit
  3. normal profit
  4. economic losses

D