Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final
A. foreign; domestic
B. current year; base year
C. domestic; foreign
D. base year; current year
E. intermediate; final
A. lowest among the OECD countries
B. higher currently than it was in the 1960s and 1970s
C. is equivalent to Holland’s aid
D. None of the above statements is true
A. are abolished by the World Trade Organization
B. result in decreases in consumer surplus for domestic households
C. are imposed by industrial countries but not develog countries
D. result in lower-priced goods for domestic consumers
A. Punjab
B. Sindh
C. K.P.K
D. Baluchistan
A. Sets the quantity of pollution
B. reduces the incentive for technological innovations to further reduce pollution
C. Sets the price of pollution
D. determines the demand for pollution rights.
A. tastes and preferences
B. technology levels
C. factor indowments
D. Both A and B
A. Insignia
B. Patent mark
C. Trade Mark
D. Identification mark