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Controls On Prices Questions and Answers PDF Download 48

Practice Controls On Prices trivia questions and answers, controls on prices quiz answers PDF to solve economics mock test 48 for online degrees. Practice Supply, Demand, and Government Policies trivia questions and answers, controls on prices multiple choice Questions and Answers (MCQ) to solve controls on prices test with answers for online university degrees. Free controls on prices MCQs, what is competitive market?, deadweight loss of taxation, controls on prices test prep for business administration degree courses.

"Price ceiling is good but it becomes the problem when prices are set", controls on prices Multiple Choice Questions (MCQ) with choices at equilibrium, above the equilibrium, below the equilibrium, and itself for bachelors in economics online. Learn supply, demand, and government policies questions and answers with free online certification courses for online business administration courses.

Trivia Quiz on Controls On Prices PDF Download 48

Controls On Prices Quiz

MCQ: Price ceiling is good but it becomes the problem when prices are set

  1. above the equilibrium
  2. at equilibrium
  3. below the equilibrium
  4. itself

C

Deadweight Loss of Taxation Quiz

MCQ: One of the reason that can cause deadweight loss because it discourages the idea of trade is known to be as

  1. inequality
  2. tax
  3. social issues
  4. trade issues

B

What is Competitive Market? Quiz

MCQ: Mrs. John operates a business in a competitive market. The current market price is $7.50. At her profit-maximizing level of production, the average variable cost is $8.00, and the average total cost is $8.25. Mrs. Smith should?

  1. continue to operate in the short run but shut down in the long run
  2. shut down in both the short run and long run
  3. shut down her business in the short run but continue to operate in the long run
  4. continue to operate in both the short run and long run

B

Income Determination in Closed Economy Quiz

MCQ: An economy in which there are economic activities between the domestic community and outside is known as

  1. open economy
  2. closed economy
  3. mixed economy
  4. upgraded economy

A

Deadweight Loss of Taxation Quiz

MCQ: The decisions of a worker is distracted when their wages are being

  1. equal
  2. taxed
  3. unequal
  4. zero

B