A. private sector imports and exports
B. economic policy
C. the duration of compulsory education
D. labor supply changes
A. FIFO (first in first out)
B. LAFO (last in first out)
C. First come First serve
D. None of these
A. an advance in the technology used to manufacture watches
B. an increase in the price of watches
C. All of these answers cause an increase in the supply of watches
D. a decrease in the wage of workers employed to manufacture watches
A. Is the philosophy of free international trade?
B. Was a system of export promotion and barriers to imports practiced by governments?
C. Was praised by Adam Smith in the Wealth of Nations
D. Both (a) and (c)
A. Rs 150 or more
B. Rs 500,000 or more
C. Rs50,000 or more
D. Rs500 or more
E. Rs100 or more
A. predatory dumg represents the most common form of dumg by U.S firms
B. U.S firms can obtain protection from foreign dumg, even though this protection tends to harm overall U.S welfare
C. dumg can never be a profit-maximizing strategy for U.S firms to pursue
D. U.S firms rarely if ever, engage in distress dumg or persistent dumg
A. Fall in production
B. Increase in prices
C. Stagflation
D. None of these