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"The type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as", partial equilibrium analysis Multiple Choice Questions (MCQ) with choices specific tariff, ad valorem tariff, import tariff, and export tariff to study online classes courses. Learn international trade policy questions and answers with free online certification courses for general business degree online.
Partial Equilibrium Analysis Questions and Answers PDF Download 101
MCQ: The type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as
- ad valorem tariff
- specific tariff
- import tariff
- export tariff
C
MCQ: "Disturb the peace" is another name for a
- positive externality
- public good
- negative externality
- externality
C
MCQ: The difference between total revenue and total cost is known to be as
- economic shortage
- economic welfare
- economic profit
- market equilibrium
C
MCQ: A type of union that represent the collective interests of workers in negotiations with employers over wages, hours, benefits and working conditions is known as
- capital union
- trade union
- labor union
- company
C
MCQ: If any company receives a patent for its any effective product or service for which there is no other close substitute in the market is an example of
- oligopoly
- monopoly
- free market
- imperfect market
B