A. raising the price of X.
B. production less X
C. Producing more X
D. Increasing the cost of producing X
I- Government may set price floors on food and price ceilings for industrial goods
II- Tax incentive and subsidies to infant industry
III- Tariff and quota protection for industry
IV- Spending more for education training housing, health and transport in urban areas than in rural areas.
A. I, II , III only
B. I, II and IV only
C. II, III and IV only
D. I, II, III and IV
A. shortages of inputs including land
B. an over-investment in farm equipment
C. migration from rural areas to urban areas
D. a lack of effective demand for food products
A. capital account transactions
B. current account transactions
C. unilateral transfer transactions
D. merchandise trade transactions
A. The marginal utility per dollar spent on each good is the same
B. The marginal rate of substitution between goods is equal to the ratio of the prices between goods
C. The consumer’s indifference curve is tangent to his budget constraint
D. The consumer has reached his highest indifference curve subject to his budget constraint
E. The consumer is indifferent between any two points on his budget constraint
A. Manganese
B. Rubber
C. Gold
D. Silver
A. Business inventory accumulate
B. Unemployment exists
C. Price of consumer goods rise
D. People save more than they intended to save