Economics Practice Test 30
World Price and Comparative Advantage MCQ (Multiple Choice Questions) PDF - 30
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The MCQs: Quantity of payment or compensation given by one party to another in return for goods or services is called as; "World Price & Comparative Advantage" App Download (iOS & Android) Free with answers cost, benefit, price and margin to study online educational courses. Practice international trade questions and answers to improve problem solving skills for online classes business administration.
World Price & Comparative Advantage Questions and Answers PDF Download: Quiz 30
MCQ 146: The quantity of payment or compensation given by one party to another in return for goods or services is called as
- benefit
- cost
- price
- margin
MCQ 147: The type of situation takes place when rival companies cooperate for their mutual benefit is known as
- cartel
- collusion
- agreement
- discussion
MCQ 148: Employment and wages could be increased if one country starts exporting more by applying
- embargoes
- trade negotiation
- tariffs
- quotas
MCQ 149: One of the well-known measure for a producer welfare is known as
- economic welfare
- welfare economics
- producer surplus
- producer shortage
MCQ 150: A product that can be interchanged with another good without any loss of use or value is known as
- inferior goods
- complementary goods
- substitutes
- normal goods
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