A. Tax
B. Tariff
C. Transfer payment
D. Subsidy
Related Mcqs:
- 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 - A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
A. Subsidy
B. Tax
C. lump-sum-tax
D. None - 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 - 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 - 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 - 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 - 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 - 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 - Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?
A. Central Bank
B. State Bank
C. Both
D. None - 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
