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Income Determination in Closed Economy Quiz Questions and Answers PDF Download 52

Practice Income Determination in Closed Economy quiz questions and answers, income determination in closed economy MCQs with answers PDF to solve economics worksheet 52 for online graduate programs. Practice Income Adjustment Mechanism and Synthesis of Automatic Adjustments quiz questions with answers, income determination in closed economy multiple choice Questions and Answers (MCQ) to solve income determination in closed economy test with answers for online university degrees. Free income determination in closed economy MCQs, economies of scale and international trade, partial equilibrium analysis, measurement of inequality, motives for international capital flows, income determination in closed economy test prep for online BBA business administration.

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Quiz on Income Determination in Closed Economy PDF Download 52

Income Determination in Closed Economy Quiz

MCQ: The proportion of an aggregate raise in pay that a consumer spends on saving rather than on the consumption of goods and services is known as

  1. marginal propensity to save
  2. investment function
  3. marginal propensity to consume
  4. saving function

A

Motives for International Capital Flows Quiz

MCQ: The concept that refers to the exchange of similar products belonging to the same industry is known as

  1. interfirm trade
  2. intrafirm trade
  3. gravity theory of trade
  4. trade integration

B

Measurement of Inequality Quiz

MCQ: The difference found in various measures of economic well-being among individuals in a group, among groups in a population, or among countries is known as

  1. capital inequality
  2. economic inequality
  3. poverty
  4. economic inefficiency

B

Partial Equilibrium Analysis Quiz

MCQ: The concept that is basically a financial asset in a form of donation made to a non-profit group, institution or individual consisting of investment funds that may or may not have a stated purpose at the bequest of donor is known as

  1. charity
  2. aid
  3. endowment
  4. rent

C

Economies of Scale & International Trade Quiz

MCQ: The concept that relates to the cost per unit depends on the size of an individual firm but not necessarily on that of the industry is known as

  1. internal economies of scale
  2. diseconomies of scale
  3. economies of scale
  4. external economies of scale

A