The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

Related Mcqs:

1. Quotas are government-imposed limits on the _________ of goods trade between countries?

   A. prices
   B. quantity
   C. revenue
   D. costs

2. Governments and corporations sell interest bearing certificates to raise money for expansion or trade. What is called these certificates ?

   A. Certificates
   B. Sureties
   C. Security bonds
   D. Bond

3. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

4. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

5. Inferior goods have _________ and luxury goods have _________?

   A. negative income elasticity income elasticity greater than 1
   B. income elasticity greater than 1, negative income elasticities
   C. Positive income elasticities, negative income elasticities
   D. None of the above

6. If the cross-price elasticity of demand between two goods is negative, then the two goods are ?

   A. normal goods
   B. unrelated goods
   C. Substitutes.
   D. Complements

7. If your income doubles and the prices of the goods you buy double then your demand for these goods will likely?

   A. increase
   B. not change
   C. decrease
   D. shift

8. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

9. _______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

   A. incomes policy
   B. Moral hazard
   C. Wagner’s law
   D. Fiscal policy

10. If the cross-price elasticity between two goods is negative the two goods are likely to be ?

    A. substitutes
    B. complements
    C. necessities
    D. luxuries