Question # 1

Compared to the case of perfect competition.

Choose an answer

Monopolist is more likely to

Charge a higher price

Produce a lower quantity of the product

All of the above

According to the cost based definition of dumping dumping occurs when a firm sets a product abroad at a price that is less than

Choose an answer

Average total cost

Average variable cost

Average foxed cost

Marginal cost

Through the world government tend o auction quota license to their highest bidder.

Choose an answer

Always

Often

Seldom

Never

All economic model ae based on

Choose an answer

Realistic assumptions

Assumptions which can never be perfectly realistic

Unrealistic assumptions

None of the above

The theory of ___________ suggests that government can assist domestic competitors.

Choose an answer

International dumping

Countervailing duties

Strategic trade policy

Export promotion policy

Absolute advantage is determined by.,

Choose an answer

Actual difference in labor productivity between countries.

Relative difference in labor productivity between countries.

Both a and b

neither a and b

The monetary base is composed of.

Choose an answer

Gold and silver

Currency and reserves

Currency only

Currency and checkable deposits

The form of dumping that represents the greatest potential net welfare loss the for importing nation is.

Choose an answer

Predatory dumping

Sporadic dumping

Persistent dumping

Year end dumping

_________ are quotas that lead to a complete abolishment of trade.

Choose an answer

Embargoes

Voluntary export restraints

Nontariff beamers

Orderly marketing agreements

If a small country imposes a tariff on an imported good its terms of trade will

Choose an answer

Improve

Worsen

Not change

any of the above

All economic model ae based on

Choose an answer

Realistic assumptions

Assumptions which can never be perfectly realistic

Unrealistic assumptions

None of the above

If in market the seller is changing different prices for the same commodity from different consumers it is known as.

Choose an answer

Price discrimination

efficient selling

Profit maxi miser in Monopoly

all of these

If there is a price floor there will be

Choose an answer

Shortages

Surpluses

Equilibrium

None of these

Quotas are government imposed limits on the ________ of goods trade between countries.

Choose an answer

Prices

Quantity

Revenue

Costs

The impact and incidence of sales tax is

Choose an answer

On the consumer

On the seller

On the producer

None of these

The funds used for further investment in joint stock company refers to.

Choose an answer

Distributed

Undistributed

Remaining

All of the above

If saving rate is 12.0% , ICOR value is 3% and population Rate is 2.0% then the Growth Rate would be.

Choose an answer

2.0%

3.65

4.0%

6.0%

Currency speculations is_________ if speculators bet against market forces that cause exchange functions, thus moderating such fluclutions.

Choose an answer

Destabilizing

Stabilizing

Inflationary

Deflationary

Negative taxation refers to.

Choose an answer

Tax rebate

Subsidies

Tax evasion

Tax avoidance

A demand curve shows the relation between the quantity demanded to a commodity over a given time and.

Choose an answer

the testes of consumer

The money income of cosumer

The price of related commodities

The price of the commodity

A purely monetary explanation of the business cycle is proposed by

Choose an answer

Hawtrey

Schumpeter

Hansen

None of these

More Classes

Other Links

PPSC Economics Chapter 10 Most Frequently Asked Economics MCQS MCQs With Answers

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer

Choose an answer