Intellectual Olympiad in Global economy - 2026 ongoing

Subject: Global economy
Level: XI
Category: student
Quiz questions: in English
Example question: A country with market power in world trade imposes an export tax on a differentiated product. Which outcome best describes the intended welfare mechanism? It eliminates all domestic consumption of the product, It raises the world price received by foreign buyers and worsens the country's terms of trade, It lowers the domestic price below the pre-tax level in every case, It may improve the country's terms of trade by reducing the export supply available internationally