Which of the following countries is the world’s largest producer of coal ?
Which of the following countries is the world’s largest producer of coal ?
A. Russia
B. China
C. Pakistan
D. USA
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A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative AdvantagePotential output can be increased by ____ or by ______?
Potential output can be increased by ____ or by ______?A. increasing the use of labor increasing the use of land
B. increasing the use of capital increasing the use of labour
C. increasing the use of land increasing the use of capital
D. increasing the use of all inputs, technical advancesIdentify below what is NOT considered to be a cause of economic growth ?
Identify below what is NOT considered to be a cause of economic growth ?A. An increase in the quantity of labor and capital
B. An increase in labor productivity
C. An increase in the money supply
D. An increase in technologyA tax on petrol is likely to ?
A tax on petrol is likely to ?A. generate a deadweight loss that is unaffected by the time period over which it is measured
B. cause a greater deadweight loss in the long run when compared to the short run
C. None of these answers
D. cause a greater deadweight loss in the short run when compared to the long run.Points on the production possibilities frontier are ?
Points on the production possibilities frontier are ?A. inefficient
B. normative
C. unattainable
D. efficientWhich of the following is not TRUE about rural urban migration ?
Which of the following is not TRUE about rural urban migration ?A. Migration to the cities is a larger contributor than natural population growth to urban labor growth is sub Saharan Africa
B. In Latin America natural population increase is the major source of urban growth
C. From 1975 to 2000 the number of cities in LDC with populations over 1 million increased from 20 to 50
D. The urban of total LDC population grew from 27 percent in 1975 and 35 percent in 1992 to 40 percent in 2003