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Quiz on Partial Equilibrium Analysis PDF Download 73
MCQ: The loss that occurs as a result of tariff that indulges to neither the government nor the producers is known as
- economy loss
- dead weight loss
- individual loss
- consumption loss
B
MCQ: An area within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of the customs authorities is ought to be known as
- free trade zone
- trade union
- European union
- duty free zone
A
MCQ: While exporting more and more, we can earn large
- foreign exchange reserves
- subsidies
- taxes
- interest rate
A
MCQ: Non-tariff barriers are mostly levied to control the amount of trade either for selfish or altruistic purpose, and are mostly applied in
- under-developing countries
- developed countries
- developing countries
- third world countries
B
MCQ: If two goods are independent of their responsiveness change of each other as price of X increases but price of Y remains constant is known to be as
- cross price elasticity of demand
- inelastic demand
- income price elasticity
- zero cross elasticity
D