Tariffs & Industrial Development Mcqs
Tariffs & Industrial Development Mcqs, this topic has 59 mcqs, It takes five to ten minutes to complete this free Tariffs & Industrial Development Mcqs test. You will see 4 or 5 option of each question. You must choose / think only one option and then press on answer key for check right answer. Practice "Tariffs & Industrial Development Mcqs" MCQs and share with your friends, brothers, sisters.
Tariffs & Industrial Development Mcqs (Total Quiz: 59)
MCQ: The difference between what consumers have to pay for a particular and what they are willing to pay is known as ?
- consumer surplus
- producer surplus
- deadweight costs
- deadweight surplus
A
MCQ: _______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?
- producer surplus
- deadweight surplus
- government surplus
- consumer surplus
D
MCQ: If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?
- The price of autos within the nation will rise by 10 percent
- The price of autos within the nation will rise by less than 10 percent
- The price of autos within the nation will rise by more than 10 percent
- The price of autos will not rise because of internal competition
A
MCQ: A foreign-trade zone (FTZ) is ?
- a regional area within which trade with foreign nations is allowed
- a free trade agreement among several nations
- designed to limit exports of manufactured goods by placing export taxes on goods made within the zone
- designed to promote exports by deferring imports duties on intermediate inputs and waving such duties if the final product is re-exported rather than
D
MCQ: Most tariffs have ?
- only revenue effects
- only protective effects
- Both protective and revenue effects
- neither protective or revenue effects
C
MCQ: Ad valorem tariffs are collected as ?
- fixed amounts of money per unit traded
- a percentage of the price of the product
- a percentage of the quantity of imports
- All of the above
B
MCQ: If we consider the impact on both consumers and producers, then protection of the steel industry is ?
- In the interest of the U.S as a whole but not in the interest of the state of Pennsylvania where steel mills are located
- In the interest of the U.S as a whole and in the interest of the state of Pennsylvania
- Not in the interest of the U.S as a whole, but it might be in the interest of the state of Pennsylvania
- Not in the interest of the U.S as a whole, nor in the interest of the state of Pennsylvania
C
MCQ: A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?
- Compound tariff
- Effective tariff
- Ad valorem tariff
- Specific tariff
D
MCQ: During the fiscal year 2009-10 gross fixed capital formation or domestic investment grew by ?
- 19.8%
- 10.3%
- 9.2%
- 11.5%
B
MCQ: Industry is the second largest sector of the economy. How much of GDP it accounts for ?
- 16.5%
- 18.2%
- 19.7%
- 20.5%
B