Economics Entrance Exam MCQs – Mock Test 101

Partial Equilibrium Analysis Quiz with Answers PDF Download – Test 101

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Free "Economics Quiz" App Download with MCQ: Type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as; with answers: specific tariff, ad valorem tariff, export tariff, and import tariff for virtual economics academic achievement. Solve international trade policy questions and answers to improve problem solving skills for economics data analysis.

Partial Equilibrium Analysis Quiz – Mock Test 101 PDF Download

MCQ 501: The type of tariffs which are used to restrict trade as they increase the price of imported good, making them more expensive to consumers is known as:

ad valorem tariff
specific tariff
import tariff
export tariff

MCQ 502: "Disturb the peace" is another name for a:

positive externality
public good
negative externality
externality

MCQ 503: The difference between total revenue and total cost is known to be as:

economic shortage
economic welfare
economic profit
market equilibrium

MCQ 504: A type of union that represent the collective interests of workers in negotiations with employers over wages, hours, benefits and working conditions is known as:

capital union
trade union
labor union
company

MCQ 505: If any company receives a patent for its any effective product or service for which there is no other close substitute in the market is an example of:

oligopoly
monopoly
free market
imperfect market

Partial Equilibrium Analysis Quiz App & eBook – Economics Textbook Tests

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