Explore topic-wise MCQs in Economics Mcqs.

With free trade the total quantity of imports would equal ?

During the fiscal year 2009-10 gross fixed capital formation or domestic investment grew by ?

Concerning a government’s trade policy, all the following generally apply except ?

A tariff can _______ raise a country’s welfare?

If a nation fitting the criteria for the large nation model imposes an import tariff ?

For advanced countries such as the United States, tariffs on imported raw materials tend to be ?

If I purchase a stereo from South Korea, I obtain the stereo and South Korea obtains the dollars But if I purchase a stereo produced in the Pakistan I obtain the stereo and the rupees remain in Pakistan, This line of reasoning is ?

With free trade the total value of imports would equal ?

Suppose that the nominal tariff rate on finished computers is 12 percent and that the weighted average of the nominal tariff rates on the inputs used in producing computers is 18 percent. Thus, the effective rate of protection for the computer industry must ?

Concerning import tariffs of the United States empirical studies tend to conclude that these tariffs are ?

A tariff that prohibits imports has only ?

Suppose that Pakistan imposes a tariff on ballpoint pens of 25 rupees per pen plus 12 percent of the pen’s value, this is an example of a (an) ?

According to the _____ argument for protection, tariffs can shield new industries from import competition until they have grown strong and efficient enough to withstand the competition by foreign producers ?

Specific tariffs are collected as ?

The effective rate of protection ?

A tax of 15 percent per imported item would be an example of a (an) ?

If the world price of steel is $500 a ton a specific tariff $50 is equivalent to an ad valorem tariff of______________?

Domestic producers gain ________ because on the tariff?

The national security argument for protection is more likely to be valid when ?

In today’s world, most countries impose tariffs ?

Suppose there is no tariff on imported inputs and the ratio of the value of imported inputs the value of the final product is 0.5 If the nominal tariff rate on the final product is 10 percent, the effective tariff rate equals ?

With the tariff the government collects?

The biggest Industrial unit in public sector is ?

The first nuclear power plant was set up in Karachi in ?

Space Satellite Badr II was launched on December 10, 2001 when Pakistan launched Pak Sat I ?

When did Pakistan launched its first space satellite Badr I largely designed and fabricated by SUPARCO ?

Heavy Mechanical Complex Taxila was set up with the aid of ?

The Faisalabad is also known as ?

Which of the following is Cottage Industry ?

The biggest Industry of Pakistan is ?

The Wah is famous for ?

Which Pakistani city is famous for high quality sports equipment ?

Mianwali is important for ?

A foreign-trade zone (FTZ) is ?

Most tariffs have ?

The difference between what consumers have to pay for a particular and what they are willing to pay is known as ?

When did Pakistan Meteorological Department Successfully experimented artificial rainfall in Thar (Sindh) ?

If a nation fitting the criteria for the small nation model imposes a 10 percent tariff on imports of autos ?

_______ represents the difference between what consumer have to pay for a product and what they are willing and able to pay ?

If no imported inputs (hard-disk drive) go into the domestic production of a final product (desktop computer) then the ?

A tax of 20 rupees per unit of imported cheese would be an example of a (an) ?

If we consider the impact on both consumers and producers, then protection of the steel industry is ?

Ad valorem tariffs are collected as ?

A tariff ______ increase a country overall welfare?

Suppose that the offshore assembly provisions (OAP) of the United States are granted to finished computers that are imported and produced domestically This policy will tend to ?

The deadweight cost of the tariff equals ?

A tariff of ________ would be prohibitive causing imports to fall to zero?

If a country an imposes an import tariff, its welfare can improve if ?

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

With the tariff, the quantity of imports falls to ?