Market & Non-Tariff Trade Barriers Mcqs


Q.  An example of an indirect tax is ?

a. VAT
b. inheritance tax
c. income tax
d. a tax on profits


ANSWER: See Answer
 
No explanation is available for this question!
MCQs:  Suppose there is an increase in both the supply and demand for personal computers. In the market for personal computers, we would expect?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An increase (rightward shift) in the demand for a good will tend to cause ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the price of good is below the equilibrium price ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  All of the following shift the supply of watches to the right except ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  A monopolistic market has ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The law of supply states that an increase in the price of a good ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If an increase in the price of blue jeans leads to an increase in the demand for tennis shoes, then blue jeans and tennis shoes are ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The problem posed by a natural monopoly is that it faces a _____ This means that _______?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If two firms doing the same thing in the same industry join together, this is known as a ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The social costs of monopoly power arises because ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The effect of a tax to offset a negative externality will be to ____ price and ______ quantity?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Taxes creates a wedge between the sales price and purchase price that prevents the price system equating ____ and ______?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Except for taxes to offset ______ taxes are ______?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Markets sometimes fail to exist because of________?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Externalities arise because there is a divergence between ________ and _________?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  The allocation of resources is not efficient if ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  We cannot say whether one allocation of resources is better than another allocation because ?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  An allocation is Pareto-efficient if no reallocation of resources would make some people _______ without making others ________?
Category: Economics Mcqs,   Published by: teswesm
MCQs:  Moral hazard means that the act of insuring ____ that the desired outcome will occur?
Category: Economics Mcqs,   Published by: teswesm