A. 3-4th
B. 1/2
C. 1/5th
D. 1/7th
Related Mcqs:
- A country has a comparative advantage in the production of a product if the good’s _____ cost in different from the good’s _____ cost in another country ?
A. resource; resource
B. foreign exchange money
C. opportunity; opportunity
D. money; opportunity - Economic growth may depend upon _____ and _____?
A. Population size, x-efficiency
B. Population age distribution, education
C. Population growth technical progress
D. Population growth education - Takatoshi Ito (1992) contends that parliamentary governments manipulate the timing of _____ while presidential governments manipulate the timing of _____?
A. monetary policy, fiscal policy
B. elections; economics policies
C. economic policies; political policies
D. tax collection, tax implementation - The equilibrium inflation rate is determined by the intersection of _____ and _____?
A. demand, supply
B. IS, LM
C. AD, AS
D. Labor demand, labor supply - The Phillips curve shows the trade-off between _____ and _____?
A. the inflation rate, interest rates
B. the inflation rate, the unemployment rate
C. interest rates, output
D. output, employment - 85% of the world’s population lives in developing countries and receives about _____ of the world’s income?
A. 40%
B. 10%
C. 20%
D. 30% - The largest producer of Natural gas in the world is _____?
A. Iran
B. Tanzania
C. Norway
D. Russia - The degree of urbanisation of any given community is indicated by its?
A. population size
B. population density
C. population heterogeneity
D. All of the above - Which one of the following is the best criterion of contrast between a rural and urban community ?
A. Geographic location
B. Specific size of population
C. Specific density of population
D. Diversification of occupations - With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?
A. 20 calculators increase
B. 25 calculators decrease
C. 25 calculators increase
D. 30 calculators increase