The gains from international trade are shared on the basis of the?
A. quantity produced of each of the traded goods B. cost of production of each of the traded goods C. terms of trade D. bilateral trade agreements Correct Answer: Option B – cost of production of each of the traded goods
A continuous increase in national income accompanied by the structural transformation of all indices is called?
A. economic planning B. economic growth C. economic reforms D. economic development Correct Answer: Option D – economic development
The monetization policy is an offshoot of?
A. NEEDS B. SAP C. PAYE D. MDGs Correct Answer: Option A – NEEDS
A persistent rise in the prices of inputs will lead to?
A. hyperinflation B. stagflation C. cost-push inflation D. demand-pull inflation Correct Answer: Option C – cost-push inflationProducts
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