Trade Creating Custom Unions Quiz Questions and Answers PDF Download 25
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Quiz on Trade Creating Custom Unions PDF Download 25
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
- imperfect market
- common market
- perfect market
- specific market
B
MCQ: The inputs that are used in the production of goods or services in order to make an economic profit is known as
- policy instruments
- factors of production
- factor of rationalization
- factors of markets
B
MCQ: The features when an industry will typically consist of many small firms and are perfectly competitive falls under the category of
- internal economies of scale
- diseconomies of scale
- economies of scale
- external economies of scale
D
MCQ: A tax that is being levied on the markets that generates negative externalities is known as
- corporate tax
- Pigovian tax
- tariff
- embargo
B
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
- price equality
- total cost
- total budget
- total revenue
D