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World Price & Comparative Advantage Questions and Answers PDF Download 51

Practice World Price and Comparative Advantage trivia questions and answers, world price and comparative advantage quiz answers PDF to solve economics mock test 51 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, trade creating custom unions, taxes and efficiency, other non-tariff barriers and new protectionism, partial equilibrium analysis, world price and comparative advantage test prep for colleges that offer business administration.

"The price of any good or service that is levied either inclusively or exclusively all over the world is known as", world price and comparative advantage Multiple Choice Questions (MCQ) with choices international price, international trade, comparative price, and total price to study online certification courses. Learn international trade questions and answers with free online certification courses for grad cert business administration.

Trivia Quiz on World Price & Comparative Advantage PDF Download 51

World Price & Comparative Advantage Quiz

MCQ: The price of any good or service that is levied either inclusively or exclusively all over the world is known as

  1. international trade
  2. international price
  3. comparative price
  4. total price

B

Partial Equilibrium Analysis Quiz

MCQ: When the country's more capital is going out than coming in the country that means the terms of trade are less than

  1. 100 percent
  2. 200 percent
  3. 300 percent
  4. 150 percent

A

Other Non-tariff Barriers & New Protectionism Quiz

MCQ: Voluntary export tariff is being levied to discourage the concept of

  1. government policies
  2. tariffs and quotas
  3. sanctions
  4. transfer payments

B

Taxes & Efficiency Quiz

MCQ: An attempt to minimize tax liability when given many different financial decisions is known as

  1. dead weight loss
  2. tax equity
  3. tax efficiency
  4. tax surplus

C

Trade Creating Custom Unions Quiz

MCQ: An imposition on imports that shoots the prices to a level at least as high as the domestic price is known as

  1. variable import levies
  2. fixed import levies
  3. variable exports levies
  4. fixed exports levies

A