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World Price & Comparative Advantage MCQs – Mock Test 51 PDF Download

MCQ 251: The price of any good or service that is levied either inclusively or exclusively all over the world is known as:

  1. international trade
  2. international price
  3. comparative price
  4. total price

MCQ 252: When the country's more capital is going out than coming in the country that means the terms of trade are less than:

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

MCQ 253: Voluntary export tariff is being levied to discourage the concept of:

  1. government policies
  2. tariffs and quotas
  3. sanctions
  4. transfer payments

MCQ 254: An attempt to minimize tax liability when given many different financial decisions is known as:

  1. dead weight loss
  2. tax equity
  3. tax efficiency
  4. tax surplus

MCQ 255: An imposition on imports that shoots the prices to a level at least as high as the domestic price is known as:

  1. variable import levies
  2. fixed import levies
  3. variable exports levies
  4. fixed exports levies

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