Economics Practice Test 8
Taxes Multiple Choice Questions (MCQs) PDF Download - 8
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Taxes MCQ Quiz with Answers PDF Download: Test 8
The condition when the burden of paying tax is shared among the collective participants in a market is known as
- tax on buyers
- tax on sellers
- tax incidence
- tax administration
The best opportunity to increase country's prosperity is
- quota
- embargo
- tariffs
- trade and specialization
When price of popcorn reduces whereas the price of movie tickets increases and vice versa, are to be known as
- inferior goods
- complementary goods
- substitutes
- normal goods
The amount of one good which must be given up in order to release resources necessary to produce an additional unit of another good is known as
- marginal rate of cost
- average rate of cost
- marginal rate of substitution
- marginal rate of transformation
One of the basic loss suffers by society because of levying taxes or subsidies is known as
- loss for buyers
- loss for sellers
- dead weight loss of taxation
- shortage of taxation
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Principles of Marketing Practice Questions
Principles of Marketing Quiz with Answers
- Clothing line of fashion designers is best classified as
- Third step in new product development is
- Pricing strategy which starts with ideal price and targets cost which ensures that set price will be met is classified as
- New product development stage in which concept is tested whether idea has strong appeal is called
- International markets can be segmented on basis of factors such as
Taxes Quiz Book Questions
- Psychological, economic and social forces are kept in mind while computing
- An economic transactions between residents of two nations over a stipulated period of time, usually a calendar year is known as
- Type of exchange rate that occurs when government intervenes to try and keep value of currency at a certain level against other currencies is known as
- Ability of one party to produce a specific good/service at a lower opportunity cost over another is known as
- When resources are valued, costs show how much these resources would earn if used in their best alternative uses is known as