A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

Related Mcqs:

1. An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?

   A. Tariff
   B. Tax
   C. Tacit collusion
   D. Subsidy

2. A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

   A. Tax
   B. Tariff
   C. Transfer payment
   D. Subsidy

3. The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

   A. Trade surplus
   B. Trade deficit
   C. Trade bloc
   D. None

4. The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is_______________?

   A. Trade surplus
   B. Trade deficit
   C. Trade off
   D. None

5. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

   A. Trade Balance
   B. Trade deficit
   C. Trade surplus
   D. None

6. The total amount by the federal govt. of the owner of the govt. securities is called___________________?

   A. Public debt
   B. Public finance
   C. Public good
   D. None

7. A household’s or firm’s income in the form of goods or services ?

   A. Extra income
   B. Income in kind
   C. Fixed income
   D. None

8. The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?

   A. Specialization
   B. speculation
   C. Fly over
   D. Capital flight

9. The payment for the use of borrowed funds _____________?

   A. Interest
   B. Loan
   C. Both
   D. None

10. The monetary payment a firm must make to an outsider to obtain a resource____________________?

    A. Implicit cost
    B. Explicit cost
    C. Net cost
    D. Total cost