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Economics MCQs – Mock Test 73

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Free Partial Equilibrium Analysis Learning App Download with MCQ: "Loss that occurs as a result of tariff that indulges to neither the government nor the producers is known as"; with answers: dead weight loss, economy loss, consumption loss, and individual loss. Solve international trade policy questions and answers to improve problem solving skills for economics subject learning.

Partial Equilibrium Analysis Quiz – Mock Test 73 PDF Download

MCQ 361: The loss that occurs as a result of tariff that indulges to neither the government nor the producers is known as:

  1. economy loss
  2. dead weight loss
  3. individual loss
  4. consumption loss

MCQ 362: An area within which goods may be landed, handled, manufactured or reconfigured, and re-exported without the intervention of the customs authorities is ought to be known as:

  1. free trade zone
  2. trade union
  3. European union
  4. duty free zone

MCQ 363: While exporting more and more, we can earn large:

  1. foreign exchange reserves
  2. subsidies
  3. taxes
  4. interest rate

MCQ 364: Non-tariff barriers are mostly levied to control the amount of trade either for selfish or altruistic purpose, and are mostly applied in:

  1. under-developing countries
  2. developed countries
  3. developing countries
  4. third world countries

MCQ 365: If two goods are independent of their responsiveness change of each other as price of X increases but price of Y remains constant is known to be as:

  1. cross price elasticity of demand
  2. inelastic demand
  3. income price elasticity
  4. zero cross elasticity

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