Free MCQsLearn App Download - Partial Equilibrium Analysis Quiz Questions and Answers PDF Download 43
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"The set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods is known as", partial equilibrium analysis Multiple Choice Questions (MCQ) with choices contract curve, offer curves, indifference curve, and demand curve for executive MBA economics programs. Learn demand and supply, offer curves and terms of trade questions and answers with free online certification courses for online business management classes.
Quiz on Partial Equilibrium Analysis PDF Download 43
MCQ: The set of points representing final allocations of two goods between two people that could occur as a result of mutually beneficial trading between those people given their initial allocations of the goods is known as
- offer curves
- contract curve
- indifference curve
- demand curve
B
MCQ: The changes in the capital saving technological change is closely dependent upon the
- increase of labor
- increase of efficiency
- increase of capital
- increase of machines
C
MCQ: Drivers energy and time are being wasted as he/she
- uses petrol
- drives slowly
- stops on every signal
- when roads are clear
B
MCQ: A government restriction on the quantities of a particular commodity that maybe sold outside the nation's boundaries for a specific period of time is known as
- export quota
- import quota
- quota rent
- embargo
B
MCQ: If two persons are trading in two different categories, he would get best output from one and a little less from other, this process is known as
- specialization
- gains from trade
- comparative advantage
- comparative disadvantage
B