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Gains and Losses of an Exporting Country MCQ with Answers PDF Download – Test 4

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Gains & Losses of an Exporting Country MCQ – Mock Test 4 PDF Download

MCQ 16: As the domestic quantity supply is larger than the domestic quantity demanded, country would gain by:

  1. importing
  2. selling domestically
  3. exporting
  4. producing domestically

MCQ 17: An amount that has to be paid or given up in order to get something is called as:

  1. surplus
  2. shortage
  3. willingness to pay
  4. cost

MCQ 18: The difference between before tax-wages and after tax-wages is known as:

  1. tax incidence
  2. tax administration
  3. tax wedge
  4. tax pay

MCQ 19: If you hold output prices constant as the amount of a factor of production increases, then the supply of the good that uses this factor intensively increases and the supply of the other good decreases falls under:

  1. stolper-samuelson theorem
  2. laissez faire theorem
  3. rybczynski theorem
  4. factor-price equalization theorem

MCQ 20: The type of account that refers to the sum of the balance of trade, net income from abroad and net current transfers is called as:

  1. financial account
  2. summary accountability
  3. current account
  4. self account

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