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EEC 5 Exam Answers | BDP EEC 5 Final Exam Answers 2022

EEC 5 Exam Answers | BDP EEC 5 Final Exam Answers 2022

EEC 5 Exam Answers
EEC 5 Exam Answers

EEC 5 Exam Answers | BDP EEC 5 Final Exam Answers 2022

1. What economic doctrine on international trade was in vogue before the classical doctrine ?

  •  c. Mercantilism 

2. What is the full form of S.O.C. ? 

  • a. Social Overhead Capital

 3. What do you mean by tariff ?

  •  c. A duty on import 

4. What is the value of balanced budget multiplier ?

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  •  B. 1 

5. In the ability principle of taxation , how is equal sacrifice of the taxpayer measured ?

  •  B. Equal proportional sacrifice 

6. In Heckscher-Ohlin theory what are the two definitions of factor abundance ? 

  • A. Price definition and Physical definition

 7. Who considered the effect of devaluation on balance of payments in terms of elasticity ?

  •  C. Marshall and Lerner

8. Who established the factor price equalization theorem ? 

  • C. Samuelson

 9. In Ricardian model on international trade, there is a single factor of production. Which factor is it ?

  •  D. Labour  

10. What is the feature of a social good ? 

  • B. Non-rivalness 

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11. What is the main goal of public finance ?

  •  D. All of these

12. The factor-price equalisation theory has been established by 

  • C. Samuelson 

13. The name of Adam Smith’s theory on international trade is

  •  B. Theory of Absolute Cost Advantage 

14. What are the two sides of accounts of any budget ?

  •  B. Current Account and Capital Account 

15. In Heckscher-Ohlin theory ,what is the physical definition of relative factor abundance ? 

If K1 and L1 are the amounts of capital and labour respectively in country 1 and K2 and L2 are the amounts of capital and labour respectively in country 2 , then according to the physical definition of relative factor abundance , country 1 is capital-rich and country 2 is labour-rich if

  •  A. K1/L1 > K2/L2 

16. Which method of accounting is followed to maintain balance of payments accounts ?

  •  B. Double entry book keeping

 17. In which year was the Bretton Woods Conference held ? 

  • C. 1944

18. Who discussed the Comparative Advantage Theory on international trade? 

  • B. David Ricardo

 19. Name the major economist who was sceptical about the effectiveness of fiscal policy.

  •  A. Keynes 

20. By which name is the IBRD popularly known ? 

  • A. World Bank 

21. Which of the following is not an effect of tariff ?

  •  D. Population effect 

22. What is the name of Ricardo’s theory on international trade ?

  • B. Theory of comparative advantage 

23. The burden of public debt should be measured by the ratio of total debt and total national income . Who has given this opinion ? 

  • C. Domar 

24. What is the price definition of relative factor abundance in Heckscher-Ohlin theory? If P1K and P1L are the prices of capital and labour respectively in country 1, and P2K and P2L are the prices of capital and labour respectively in country 2 , then according to the price definition of relative factor abundance , country 1 is capital-rich and country 2 is labour-rich if

  •  A. P1K / P1L > P2K/P2L 

25. In which year was the SDR introduced by the IMF ?

  •  D. 1969 

26. When an industry expands , another industry gets some benifits or face some difficulties . What is this phenomenon called in economics ? 

  • C. Externality 

27. What are the two main problems in a federal fiscal system ? 

  • A. Vertical fiscal imbalance and Horizontal fiscal imbalance

 28. What does Metzler Paradox consider? 

  • C. Effect of tariff on domestic price of import good

29. What is the meaning of quota ? 

C. A quantitative restriction on import

এই ধরনের আরো বিভিন্ন অজানা তথ্য এবং সতর্ক বার্তা সবার আগে পাওয়ার জন্য অবশ্যই আমাদের নিউজওয়াপ সাইটটিকে ফলো করবেন এবং নোটিফিকেশনটি অবশ্যই Allow করে দেবেন।

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