Deadweight Loss of Taxation Quiz Questions and Answers PDF - 77

MCQ 381: Imposing the taxes with the specific amount to a specific person is the task of

1. government
2. labor
3. policy makers
4. billionaires

MCQ 382: Area which covers the aggregate of all the economic indicators is called

1. micro economics
2. attractions
3. macro economics
4. trade offs

MCQ 383: The concept that causes welfare loss to the consumers in the importing nation that corresponds to their being forced to cut their total consumption as tariff is imposed is known as

1. production effect
2. trade effect
3. consumption effect
4. revenue effect

MCQ 384: When the country is accumulating more money from exports then its spending that means the terms of trade are greater than

1. 100 percent
2. 200 percent
3. 300 percent
4. 150 percent

MCQ 385: All types of technical progress causes the production possibility curve to shift

1. inward
2. outward
3. right
4. left