Economics Practice Test 7
Deadweight Loss of Taxation Quiz Questions with Answers PDF Download - 7
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The Trivia MCQ: When a market transaction is taxed, the seller receives; "Deadweight Loss of Taxation" App (iOS & Android) with answers: Zero price; High price; High tax rate; Low price; for online business administration and management degree. Practice cost of taxation questions and answers to improve problem solving skills for accredited online schools for business management.
Deadweight Loss of Taxation Quiz with Answers PDF Download: MCQs 7
When a market transaction is taxed, the seller receives
- high price
- zero price
- high tax rate
- low price
If enough people can enjoy a good without paying for the cost then there is a danger that, in a free market, the good will be under-provided or not provided at all, this results in
- free rider problem
- rivalry
- revealed preference
- deficit resources
A type of activity performed like why two individuals might not cooperate, even if it appears that it is in their best interest to do so is the best example for
- game theory
- Nash equilibrium
- prisoner's dilemma
- dominant strategy
Taxes are efficient when they are imposed for a
- longer period
- 1 month
- shorter period
- 10 days
Externalities can also not be cured by government intervention but by developing
- people
- money
- private solutions
- inflation
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Principles of Marketing Quiz with Answers
- BlackBerry specific product design with QWERTY keyboard is an example of
- Industrial products can be classified into
- In business markets demand is more
- Changes made in product characteristics such as quality, style and features are called
- Remembrance of good points that are related to choose a brand as compared to competing brands is called
Deadweight Loss of Taxation Quiz Book Questions
- A situation where lowest legal price is to be set for a good to be sold at is called as
- Lowest production point at which long-run total average cost curves are minimized is known as
- In a monopoly market, firm is able to set prices anywhere on demand curve and acts as a
- An action is considered to have utility only to extent that it contributes to overall good, this idea falls under concept of
- One way to save domestic firms and industries is to levy