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Trade Creating Custom Unions Quiz Questions and Answers PDF Download 25

Practice Trade Creating Custom Unions quiz questions and answers, trade creating custom unions MCQs with answers PDF to solve economics worksheet 25 for online graduate programs. Practice Economic Integration Custom Unions and Free Trade Areas quiz questions with answers, trade creating custom unions multiple choice Questions and Answers (MCQ) to solve trade creating custom unions test with answers for online university degrees. Free trade creating custom unions MCQs, deadweight loss of taxation, externality and market efficiency, economies of scale and international trade, demand for labor, trade creating custom unions test prep for online courses for business management degree.

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Quiz on Trade Creating Custom Unions PDF Download 25

Trade Creating Custom Unions Quiz

MCQ: A type of market that is made up without imposing tariffs on goods and relatively free movement of capital of services is known as

  1. imperfect market
  2. common market
  3. perfect market
  4. specific market

B

Demand for Labor Quiz

MCQ: The inputs that are used in the production of goods or services in order to make an economic profit is known as

  1. policy instruments
  2. factors of production
  3. factor of rationalization
  4. factors of markets

B

Economies of Scale & International Trade Quiz

MCQ: The features when an industry will typically consist of many small firms and are perfectly competitive falls under the category of

  1. internal economies of scale
  2. diseconomies of scale
  3. economies of scale
  4. external economies of scale

D

Externality & Market Efficiency Quiz

MCQ: A tax that is being levied on the markets that generates negative externalities is known as

  1. corporate tax
  2. Pigovian tax
  3. tariff
  4. embargo

B

Deadweight Loss of Taxation Quiz

MCQ: The concept that forms part of the Receipt Budget, which in turn is a part of the Annual Financial Statement of the Union Budget is known as

  1. price equality
  2. total cost
  3. total budget
  4. total revenue

D