Gains & Losses of an Exporting Country Quiz Questions and Answers PDF Download 4
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Quiz on Gains & Losses of an Exporting Country PDF Download 4
MCQ: As the domestic quantity supply is larger than the domestic quantity demanded, country would gain by
- importing
- selling domestically
- exporting
- producing domestically
C
MCQ: An amount that has to be paid or given up in order to get something is called as
- surplus
- shortage
- willingness to pay
- cost
D
MCQ: The difference between before tax-wages and after tax-wages is known as
- tax incidence
- tax administration
- tax wedge
- tax pay
C
MCQ: If you hold output prices constant as the amount of a factor of production increases, then the supply of the good that uses this factor intensively increases and the supply of the other good decreases falls under
- stolper-samuelson theorem
- laissez faire theorem
- rybczynski theorem
- factor-price equalization theorem
C
MCQ: The type of account that refers to the sum of the balance of trade, net income from abroad and net current transfers is called as
- financial account
- summary accountability
- current account
- self account
C