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Quiz on Partial Equilibrium Analysis PDF Download 46
MCQ: The type of equilibrium that deals with the determination of price and quantity of only in one market is known as
- general equilibrium
- partial equilibrium
- zero equilibrium
- pareto efficiency
B
MCQ: The concept of exchanging goods and services between two people, countries is known as
- trade
- bargaining
- buying
- selling
A
MCQ: Rationing mechanism becomes more valuable when it is applied in a
- monopoly market
- free market
- oligopoly market
- imperfect market
B
MCQ: A trading blog that gives significant access to certain products from the participating countries is called as
- free trade agreement
- preferential trade agreement
- unilateral free trade agreement
- regional trade agreements
B
MCQ: The concept that relates to the use of all inputs in producing any given output, including personal time and energy is known as
- equilibrium
- shortage
- surplus
- efficiency
D