Globalization Challenge MCQ (Multiple Choice Questions) PDF - 6

MCQ 26: The feature that has a positive impact on economic growth of the wealthy countries is called as

1. foreign direct investments
2. interest rates
3. balance of payment
4. taxes

MCQ 27: The rate at which foreign currency is converted with another currency is known as

1. shoe-leather cost
2. foreign exchange rate
3. seigniorage benefit
4. dollarization of the economy

MCQ 28: The tax burden is always heavy whether the demand is inelastic or supply is elastic upon a

1. seller
2. buyer
3. market
4. other participants

MCQ 29: The type of a market structure in which firms have many competitors, but each one sells a slightly different product is called as

1. monopoly
2. oligopoly
3. free market
4. monopolistic competition

MCQ 30: Sum of producer surplus and consumer surplus gives you the measures that any buyer and seller will get is known as

1. total cost
2. total revenue
3. total benefit
4. total margin