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Economics Entrance Exam: Mock Test 101

Partial Equilibrium Analysis Quiz Questions and Answers PDF Download - 101

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The Quiz: The type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as "Partial Equilibrium Analysis" App Download [Free] with answers: specific tariff, ad valorem tariff, export tariff, and import tariff for online colleges for business management. Solve international trade policy questions and answers to improve problem solving skills to learn distance learning courses.

Partial Equilibrium Analysis Questions and Answers PDF Download: MCQ 101

MCQ: 501

The type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as

  1. ad valorem tariff
  2. specific tariff
  3. import tariff
  4. export tariff
MCQ: 502

"Disturb the peace" is another name for a

  1. positive externality
  2. public good
  3. negative externality
  4. externality
MCQ: 503

The difference between total revenue and total cost is known to be as

  1. economic shortage
  2. economic welfare
  3. economic profit
  4. market equilibrium
MCQ: 504

A type of union that represent the collective interests of workers in negotiations with employers over wages, hours, benefits and working conditions is known as

  1. capital union
  2. trade union
  3. labor union
  4. company
MCQ: 505

If any company receives a patent for its any effective product or service for which there is no other close substitute in the market is an example of

  1. oligopoly
  2. monopoly
  3. free market
  4. imperfect market

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