What is called an additional levy added to some charge ?

Related Mcqs:

1. Government levy tax on imports and exports What this tax is called ?

   A. Custom
   B. Exercise Duty
   C. Tariff
   D. Freight

2. Under the EU’s Common Agricultural Policy, a variable import levy equals the ?

   A. amount the which the EU’s support price exceeds the world price
   B. amount by which the world price exceeds the EU’s support price
   C. support price of the EU
   D. world price

3. Using a successful brand name to introduce additional items in a given product category under the same brand same (such as new flavors, forms, colors, added ingredients or package seizes) is called a(n)?

   A. line extension
   B. brand extension
   C. multibranding
   D. new brands

4. One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?

   A. Okun’s Law
   B. classical theory
   C. Consumer price index
   D. none of the above

   Submitted by: Maneesh Kumar

5. Jamil has ten pairs of football boots and saleem has none. A pair of football boots cost Rs50. to produce. If jamil values an additional pair of boots at RS100 and saleem values a pair of boots at Rs40, then the maxime ?

   A. efficiency Saleem should receive the glove
   B. Efficiency Jamil should receive the glove
   C. equity Jamil should receive the glove
   D. consumer surplus both should receive a glove

6. If a factor exhibits diminishing marginal product, hiring additional units of the factor will ?

   A. cause a reduction is output
   B. have no effect on output
   C. increase the marginal product of the factor
   D. generate ever smaller amounts of output

7. When a monopolist produces an additional unit, the marginal revenue generated by that unit must be ?

   A. below the price because the price effect outweighs the output effect
   B. above the price because the output effect outweighs the price effect
   C. above the price because the price effect outweighs the output effect
   D. below the price because the output effect outweighs the price effect

8. The total cost to society of producing an additional unit of a good or service is the ?

   A. marginal damage cost
   B. marginal social cost
   C. marginal private cost
   D. marginal external cost

9. When an increase in government purchases increases the income of some people, and those people spend some of that increase in income on additional consumer goods, we have seen a demonstration of ?

   A. The multiplier effects
   B. supply side economics
   C. None of these answers
   D. The crowding out effect

10. Suppose two economists are arguing about policies that deal with unemployment. One economist says. The government could lower unemployment by one percentage point if it would just increase government spending by 50 billion dollars the other economist responds Nonsense and poppycock! If the government spent an additional 50 billion dollars it would reduce unemployment by only one tenth of one percent. and that effect would only be temporary! These economists ?

    A. None of these answers
    B. Disagree because they have different scientific judgments
    C. really don’t disagree at all. It just appears that they disagree
    D. disagree because they have different values