Principle of Substitution MCQs 1251 to 1255



Principle of Substitution MCQs 1251 to 1255 are here. You can practice these MCQs frequently to prepare for your exams. Stay Connected for more.

Principle of Substitution MCQs

  1. In a market economy, households are prevented from consuming “too much” of very scarce commodities by:
  2. If, at the prevailing price, more of a good is desired than is available for sale:
  3. The money price of beans falls the “invisible hand” refers to:
  4. The principle of substitution assures that households will substitute corn for beans if:
  5. According to the principle of substitution:

Quiz with Answers

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Economics 1251-1255

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1 / 5

In a market economy, households are prevented from consuming “too much” of very scarce commodities by:

2 / 5

If, at the prevailing price, more of a good is desired than is available for sale:

3 / 5

The money price of beans falls the “invisible hand” refers to:

5 / 5

According to the principle of substitution:

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Principle of Substitution MCQs
Principle of Substitution MCQs

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