Gains and Losses of an Exporting Country Multiple Choice Questions (MCQ) PDF - 28

MCQ 136: At the moment free trade is allowed in one's country the domestic prices equals to the

1. basic price
2. marginal price
3. international price
4. average price

MCQ 137: Oligopolistic firms prefer not to compete via prices but with the other ways like

1. advertising and barriers
2. production and selling
3. demand and supply
4. cost of the product

MCQ 138: The area that is below the demand curve but above the price is known as

1. producer surplus
2. producer shortage
3. consumer surplus
4. consumer shortage

MCQ 139: A type of exchange rate that occurs when the government doesn't intervene but allows the value of the currency to be determined by market forces is known as

1. fixed exchange rate
2. quote currency
3. floating exchange rate
4. law of one price

MCQ 140: A situation comes when buyers have bought whatever they desired for and sellers have sold out what they had is known to be as

1. budget surplus
2. market-clearing price
3. budget deficit
4. equilibrium