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Partial Equilibrium Analysis Quiz Questions and Answers PDF - 101

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The Quiz: 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, import tariff and export tariff to study online classes courses. Solve international trade policy questions and answers to improve problem solving skills for general business degree online.

Partial Equilibrium Analysis Questions and Answers PDF Download: Quiz 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

A) ad valorem tariff
B) specific tariff
C) import tariff
D) export tariff

MCQ 502: "Disturb the peace" is another name for a

A) positive externality
B) public good
C) negative externality
D) externality

MCQ 503: The difference between total revenue and total cost is known to be as

A) economic shortage
B) economic welfare
C) economic profit
D) 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

A) capital union
B) trade union
C) labor union
D) 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

A) oligopoly
B) monopoly
C) free market
D) imperfect market

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