GDP plus net property income from abroad equals what ?
GDP plus net property income from abroad equals what ?
A. GNP
B. NNP
C. Depreciation
D. Real GDP
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_________ is below the income that secures the bare essentials of food clothing and shelter ?
_________ is below the income that secures the bare essentials of food clothing and shelter ?A. Income inequality
B. Absolute poverty
C. sen’s poverty index
D. purchasing power povertyWhich factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?
Which factor of production in the United States is most likely to be made worse off (its factor payment will decrease) because of the North American Free Trade Agreement ?A. Capital
B. land
C. skilled labor
D. unskilled labor- And Technical Progress | Capital Formation | Economics Mcqs | Information Technology | Investment Choice
Which of the following is True is LDCs ?
Which of the following is True is LDCs ?A. Labor is often underemployed, having a low alternative cost
B. It is cheaper to hire labor in LDC because its productivity is relatively higher than in DCs
C. Adapting existing Western technology to LDC conditions requires little creativity
D. Labor is usually considered the scarce factor Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?
Refer to Exhibit 4. If a tax is placed on the product in this market. deadweight loss is the area ?A. B + C + E + F
B. E + F
C. B + C
D. A + B + C + DTo prevent the external value of the currency from falling the government might ?
To prevent the external value of the currency from falling the government might ?A. Reduce interest rates
B. Sell its own currency
C. Buy its own currency with foreign reserves
D. Increase its own spendingA competitive firm demand curve is ?
A competitive firm demand curve is ?A. Horizontal
B. vertical
C. downward slog
D. elastic