Economics Entrance Exam MCQs – Mock Test 37

General Equilibrium Analysis Quiz with Answers PDF Download – Test 37

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Free General Equilibrium Analysis Quiz App Download: Rate as a fraction of the price paid to foreigners, equals to the reciprocal of the elasticity supply of a country's imports is called as; MCQ with answers: specified rate, rate of effective protection, nationally optimal tariff, and net rate. Solve international trade policy questions and answers to improve problem solving skills for economics professional programs.

General Equilibrium Analysis Quiz – Mock Test 37 PDF Download

MCQ 181: The rate as a fraction of the price paid to foreigners, equals to the reciprocal of the elasticity supply of a country's imports is called as:

rate of effective protection
specified rate
net rate
nationally optimal tariff

MCQ 182: The concept that occurs when the output increases by a larger proportion than the increase in inputs during the production process is known as:

Leontief paradox
economies of scale
increasing return to scale
decreasing return to scale

MCQ 183: A type of market structure in which a small number of firms has the large majority of market share is known as:

monopoly
free market
imperfect market
oligopoly

MCQ 184: The situation when income is less than the average income by a certain amount is known as:

partial poverty
under poverty
relative poverty
absolute poverty

MCQ 185: Tariffs are only concerned when a good or services of one's country are:

exported
imported
produce
sell

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