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Mercantilist's View on Trade Multiple Choice Questions PDF p. 95


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Mercantilist's View on Trade multiple choice questions and answers, mercantilist's view on trade quiz answers PDF 95 to learn Economics course for college certification. Learn Law of Comparative Advantage MCQ trivia questions, mercantilist's view on trade Multiple Choice Questions (MCQ) for online college degrees. Mercantilist's View on Trade MCQ PDF: between monopoly and perfect competition, what are costs?, mercantilist's view on trade test prep for online schools for business management.

"The law of comparative advantage was being presented by the famous political economist names as" MCQ PDF with choices adam smith, john maynard keynes, david ricardo, and dominick salvatore for online bachelor degree programs in business administration. Solve law of comparative advantage questions and answers to improve problem solving skills for online schools for business administration.

Mercantilist's View on Trade Questions and Answers MCQs

MCQ: The law of comparative advantage was being presented by the famous political economist names as

john Maynard Keynes
Adam smith
David Ricardo
Dominick Salvatore

MCQ: The type of cost that arise from using the asset rather than renting it out is known as

explicit cost
implicit cost
economic profit
total profit

MCQ: The phenomena that goods bought into a country are called imports and those sold to another country are called exports is known as

international trade
gains from trade
pattern of trade

MCQ: Oligopoly is same as monopoly but in oligopoly market structure there is dominancy of

Two or more firms
One firm
Two to three firms
up to infinity

MCQ: The type of cost that has already been incurred and cannot be recovered is known as

total cost
fixed cost
variable cost
sunk cost

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