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Gains and Losses of an Exporting Country Quiz Questions PDF Download - 4

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Economics: Gains & Losses of an Exporting Country Quiz Questions PDF Download

MCQ: As the domestic quantity supply is larger than the domestic quantity demanded, country would gain by

A) importing
B) selling domestically
C) exporting
D) producing domestically

MCQ: An?amount?that has to be paid or given up in?order?to get something is called as

A) surplus
B) shortage
C) willingness to pay
D) cost

MCQ: The difference between before tax-wages and after tax-wages is known as

A) tax incidence
B) tax administration
C) tax wedge
D) tax pay

MCQ: If you hold output prices constant as the amount of a factor of production increases, then the supply of the good that uses this factor intensively increases and the supply of the other good decreases falls under

A) stolper-samuelson theorem
B) laissez faire theorem
C) rybczynski theorem
D) factor-price equalization theorem

MCQ: The type of account that refers to the sum of the balance of trade, net income from abroad and net current transfers is called as

A) financial account
B) summary accountability
C) current account
D) self account

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