by Shubhrata Shrestha | Jun 24, 2025
Indifference Curves and Budget Lines Quiz 1. What does an indifference curve represent? A) Different levels of income B) Combinations of goods giving the same satisfaction C) The budget constraint of a consumer D) The price ratio between two goods None 2. The slope of...
by Shubhrata Shrestha | Jun 24, 2025
Utility Quiz 1. What happens to total utility as more units of a good are consumed? A) It decreases steadily B) It increases and then drops C) It increases at a decreasing rate D) It remains constant None 2. Marginal utility is defined as: A) Total satisfaction from...
by Shubhrata Shrestha | Jun 24, 2025
Exchange Rate Quiz 1. What is the main characteristic of a floating exchange rate system? A. Government fixes the currency value B. Currency is pegged to gold C. Currency value is determined by market forces D. Currency is stable over time None 2. What happens to the...
by Shubhrata Shrestha | Jun 24, 2025
Free Trade and Protectionism Quiz 1. What is a likely outcome of free trade? A. Declining productivity B. Higher consumer prices C. Efficient resource allocation D. Reduced international competition None 2. Which of the following is not a method of protectionism? A....
by Shubhrata Shrestha | Jun 2, 2025
Policies to Correct Imbalances in the Current Account of the Balance of Payments Quiz 1. Which of the following is an expenditure-switching policy? A) Increasing interest rates B) Reducing government spending C) Currency depreciation D) Increasing income tax None 2. A...
