Partial Equilibrium Analysis Quiz Questions and Answers PDF - 73

MCQ 361: The loss that occurs as a result of tariff that indulges to neither the government nor the producers is known as

1. economy loss
2. dead weight loss
3. individual loss
4. consumption loss

MCQ 362: An area within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of the customs authorities is ought to be known as

1. free trade zone
2. trade union
3. European union
4. duty free zone

MCQ 363: While exporting more and more, we can earn large

1. foreign exchange reserves
2. subsidies
3. taxes
4. interest rate

MCQ 364: Non-tariff barriers are mostly levied to control the amount of trade either for selfish or altruistic purpose, and are mostly applied in

1. under-developing countries
2. developed countries
3. developing countries
4. third world countries

MCQ 365: If two goods are independent of their responsiveness change of each other as price of X increases but price of Y remains constant is known to be as

1. cross price elasticity of demand
2. inelastic demand
3. income price elasticity
4. zero cross elasticity