A. exports of such a country become cheaper B. importation of goods into such a country becomes cheaper C. the…
A. size of the population B. income of the consumer C. price of the commodity D. taste and fashion Correct…
A. As total utility increases, the marginal utility also increases B. The marginal utility is always zero whenever the total…
A. they are primary producers B. their currencies are overvalued C. they import less machines D. they are tertiary producers…
A. International Finance Corporation B. International Monetary Fund C. International Bank for Reconstruction and Development D. African Development Bank Correct…
A. Differences in natural endowments B. the law of absolute advantage C. Differences in tastes D. The love for other…
A. Technological unemploment B. Stuctural unemployment C. Frictional unemployment D. Seasonal unemployment Correct Answer: Option D D. Seasonal unemployment Explanation…
A. a high pool of skilled labour B. a high rate of economic growth C. political stability D. rapid population…
An increase in the price of a commodity from $10 to $ 15 leads to an increase in the quantity…
A. many buyers and sellers B. homogeneous products C. means of communication D. large number of traders Correct Answer: Option…