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World Price & Comparative Advantage Questions and Answers PDF Download 15

Practice World Price and Comparative Advantage trivia questions and answers, world price and comparative advantage quiz answers PDF to solve economics mock test 15 for online degrees. Practice International Trade trivia questions and answers, world price and comparative advantage multiple choice Questions and Answers (MCQ) to solve world price and comparative advantage test with answers for online university degrees. Free world price and comparative advantage MCQs, taxes and efficiency, between monopoly and perfect competition, what is competitive market?, partial equilibrium analysis, world price and comparative advantage test prep for online master's degree in business management.

"If the price of coconut is higher than the domestic price, then USA will get profit by", world price and comparative advantage Multiple Choice Questions (MCQ) with choices selling domestically, importing, exporting, and producing domestically to study distance learning courses. Learn international trade questions and answers with free online certification courses for online bachelor's degree in business management.

Trivia Quiz on World Price & Comparative Advantage PDF Download 15

World Price & Comparative Advantage Quiz

MCQ: 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

C

Partial Equilibrium Analysis Quiz

MCQ: 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

D

What is Competitive Market? Quiz

MCQ: 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

A

Between Monopoly & Perfect Competition Quiz

MCQ: 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

C

Taxes & Efficiency Quiz

MCQ: 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

A