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Economics Practice Test 15

World Price and Comparative Advantage Quiz PDF: Questions and Answers - 15

The World Price and Comparative Advantage Trivia Questions with Answers PDF (World Price and Comparative Advantage Quiz Answers PDF e-Book) download Ch. 15 to study Economics online courses. Study International Trade MCQ Questions PDF, world price and comparative advantage Test for online courses. The World Price & Comparative Advantage Trivia App: Download free learning app for taxes and efficiency, between monopoly and perfect competition, what is competitive market?, partial equilibrium analysis, world price and comparative advantage test prep for online bachelor's degree in business management.

The Quiz: If price of coconut is higher than domestic price, then USA will get profit by; "World Price & Comparative Advantage" App Download (iOS & Android) with answers ‘selling domestically’, ‘importing’, ‘exporting’ and ‘producing domestically’ for online economics masters programs. Practice international trade questions and answers to improve problem solving skills to learn online certificate courses.

World Price & Comparative Advantage Questions and Answers PDF Download: Quiz 15

MCQ 71: If the price of coconut is higher than the domestic price, then USA will get profit by

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

MCQ 72: A tariff that is the mixture of ad valorem and specified rate is known as

  1. specific tariff
  2. ad valorem tariff
  3. import tariff
  4. compound tariff

MCQ 73: The basic example of a perfectly competitive market is

  1. many buyers and sellers
  2. restrictions to entry
  3. restrictions to exit
  4. goods offered are different

MCQ 74: A formal agreement between two or more companies or countries that agree on certain ideas and operate internationally is called as

  1. cartel
  2. inventory
  3. international cartel
  4. trade

MCQ 75: The tax rate an individual would pay on one additional dollar of income is called as

  1. marginal tax rate
  2. average tax rate
  3. total tax rate
  4. partial tax rate

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World Price & Comparative Advantage App (Android & iOS)

World Price & Comparative Advantage App (Android & iOS)

BBA Economics App (Android & iOS)

BBA Economics App (iOS & Android)

Cost Accounting App (Android & iOS)

Cost Accounting App (Android & iOS)

Business Statistics App (Android & iOS)

Business Statistics App (iOS & Android)