A. increase production B. price stability C. an inequitable distribution of income D. sustainable growth and income Correct Answer: Option…
A. how far business can reduce cost B. the degree of competition C. the extent to which curve shifts D.…
A. rent and wages B. interest and profits C. wages and interest D. dividends and salary E. tax Correct Answer:…
A. improve standards of living B. protect infant industries C. safeguard strategic industries D. promote foreign trade Correct Answer: Option…
A. economic prosperity for importers and exporters B. export of hard currency by the government C. economic prosperity for country…
A. comparative advantage B. absolute advantage C. distributive cost advantage D. absolute cost advantage Correct Answer: Option A - comparative…
A. demand for imports is elastic B. demand for imports is inelastic C. supply of exports is elastic D. demand…
A. traders from one part of the country can move freely to other parts B. customs regulation are harmonized among…
A. supply is inelastic B. demand is inelastic C. supply is perfectly elastic D. demand is perfectly elastic Correct Answer:…
A. in a given country B. over a long period C. and improved health facilities D. and improved distribution of…