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Economics Cerification Guide: Mock Test 79

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Functions of Foreign Exchange Market Quiz with Answers PDF Download: MCQs 79

MCQ: 391

The profit made by a government from the printing of money, literally the face value of the money minus the cost of physically making it is known as

  1. shoe-leather cost
  2. LM model
  3. seigniorage benefit
  4. dollarization of the economy
MCQ: 392

If USA has got rice specialization, better it would trade to get

  1. gains from trade
  2. specialization
  3. comparative advantage
  4. comparative disadvantage
MCQ: 393

The process of a company increasing production of goods or services at the same part of the supply chain is known as

  1. vertical integration
  2. horizontal integration
  3. backward integration
  4. integration
MCQ: 394

Fee levied on employers or employees and are usually calculated as a percentage of salaries that employers pay their staff is known as

  1. sales tax
  2. ad-valorem tax
  3. payroll tax
  4. income tax
MCQ: 395

An intergovernmental organization working to promote free trade and economic integration for its member states is known as

  1. northern American free trade association
  2. south Asian free trade association
  3. European free trade association
  4. Organization of Petroleum Exporting Countries

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