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Circular Flow Diagram Quiz Question and Answers 57 PDF Book Download

Circular flow diagram quiz, circular flow diagram MCQs with answers, economics quiz 57 for online economics courses. College and university degree MCQs on thinking like an economist quiz questions and answers, circular flow diagram multiple choice questions to practice circular flow diagram test with answers. Learn circular flow diagram MCQs, career aptitude test on what is competitive market?, world price and comparative advantage, circular flow diagram test prep for online masters in finance and economics courses distance learning.

Practice circular flow diagram career test with multiple choice question (MCQs): in fop market, circular flow is like, to learn economics degree with options hh to organization, hh to firms, firms to hh, organization to hh for online college business degree. Learn thinking like an economist questions and answers with problem-solving skills assessment test.

Quiz on Circular Flow Diagram Worksheet 57

Circular Flow Diagram Quiz

MCQ: In FOP market, circular flow is like

  1. HH to Organization
  2. HH to Firms
  3. Firms to HH
  4. Organization to HH


Circular Flow Diagram Quiz

MCQ: Firms in economy produces goods/services by using inputs like

  1. diagrams, flow charts and equations
  2. revenue, taxes, households, services
  3. wages, building, machines, organizations
  4. labor, land, capital, entrepreneur


World Price & Comparative Advantage Quiz

MCQ: While comparing any good or service's international and domestic price gives you

  1. comparative disadvantage
  2. absolute advantage
  3. absolute disadvantage
  4. comparative advantage


What is Competitive Market? Quiz

MCQ: Concept of rivalry and competition is always present in

  1. perfectly imperfect markets
  2. perfectly competitive markets
  3. monopoly
  4. oligopoly


Economies of Scale & International Trade Quiz

MCQ: Process when a product passes through a sequence of stages from introduction to growth, maturity, and decline is known as

  1. product life-cycle hypothesis
  2. income level hypothesis
  3. product cycle theory
  4. international marketing stages