Gains and Losses of an Exporting Country Multiple Choice Questions (MCQ) PDF - 4

MCQ 16: As the domestic quantity supply is larger than the domestic quantity demanded, country would gain by

1. importing
2. selling domestically
3. exporting
4. producing domestically

MCQ 17: An amount that has to be paid or given up in order to get something is called as

1. surplus
2. shortage
3. willingness to pay
4. cost

MCQ 18: The difference between before tax-wages and after tax-wages is known as

1. tax incidence
2. tax administration
3. tax wedge
4. tax pay

MCQ 19: 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

1. stolper-samuelson theorem
2. laissez faire theorem
3. rybczynski theorem
4. factor-price equalization theorem

MCQ 20: 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

1. financial account
2. summary accountability
3. current account
4. self account