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Federal Government Quiz Questions and Answers PDF Download 49

Practice Federal Government quiz questions and answers, federal government MCQs with answers PDF to solve economics worksheet 49 for online graduate programs. Practice Design of Tax System quiz questions with answers, federal government multiple choice Questions and Answers (MCQ) to solve federal government test with answers for online university degrees. Free federal government MCQs, economies of scale and international trade, some determinants of equilibrium wage, elasticity and total revenue along linear demand curve, partial equilibrium analysis, federal government test prep for online business administration degree classes.

"An indicator of financial health in which expenditures exceed revenue is known as", federal government Multiple Choice Questions (MCQ) with choices budget deficit, budget surplus, fiscal challenge, and monetary challenge to learn distance learning courses. Learn design of tax system questions and answers with free online certification courses for online classes for business management degree.

Quiz on Federal Government PDF Download 49

Federal Government Quiz

MCQ: An indicator of financial health in which expenditures exceed revenue is known as

  1. budget surplus
  2. budget deficit
  3. fiscal challenge
  4. monetary challenge

B

Partial Equilibrium Analysis Quiz

MCQ: The rate at which a consumer is ready to give up one good in exchange for another good while maintaining the same level of utility is known as

  1. marginal rate of transformation
  2. marginal rate of technical substitution
  3. marginal rate of substitution
  4. marginal opportunity costs

C

Elasticity & Total Revenue along Linear Demand Curve Quiz

MCQ: At point where there is high prices and low quantity demanded and vice versa is the situation where demand curve is

  1. constant
  2. inelastic
  3. irregular
  4. elastic

D

Some Determinants of Equilibrium Wage Quiz

MCQ: The idea that firms may permanently hold to a real wage greater than the equilibrium wage is called as

  1. striking wages
  2. efficient wages
  3. premium wages
  4. surplus wages

B

Economies of Scale & International Trade Quiz

MCQ: The concept which relates with the cost advantage that arises with increased output of a product is known as

  1. Leontief paradox
  2. economies of scale
  3. increasing return to scale
  4. decreasing return to scale

B