What economic principle refers to the way that states differ in their abilities to produce certain goods because of differences in natural resources, labor force characteristics, technology, and other such factors?

Related Mcqs:

1. ____________ development refers to economic growth that does not deplete resources and destroy ecosystems so quickly that the basis of economic growth is itself undermined.

   A. Sustainable
   B. Large-scale
   C. Progressive
   D. Reliable

2. What are called those bombs and missiles that can be guided to its target by laser technology, TV homing technology, or terrain-contour matching (TERCOM)?

   A. short weapons
   B. Modern weapons
   C. Smart weapons
   D. Mini weapons

3. Islamic Republics established ‘The Economic cooperation Organization’ (ECO) in 1985 to promote regional economic cooperation among the member states:

   A. Pakistan, Iraq & Afghanistan
   B. Pakistan, Turkey & Afghanistan
   C. Iran, Pakistan & Turkey
   D. Iran, Pakistan, Turkey & Afghanistan

4. Convention on the Territorial Sea and Contiguous Zone, providing new universal legal controls for the management of marine natural resources and the control of pollution were signed in:

   A. 1958
   B. 1947
   C. 1955
   D. 1940

5. “Convention on the Territorial Sea and Contiguous Zone” providing new universal legal controls for the management of marine natural resources and the control of pollution was signed in:

   A. 1960
   B. 1980
   C. 1958
   D. 1950

6. The international environmental organization to preserve the earth’s natural resources and diverse plant and animal life is:

   A. Greenpeace
   B. Amnesty International
   C. Save Environment
   D. Save World

7. A tax imposed on certain types of imported goods is:

   A. a tariff
   B. a surcharge
   C. a subsidy
   D. a severance tax

8. The term “banana republic” refers to the relationship between poorer states and_________.

   A. MNCs
   B. NGOs
   C. IGOs
   D. substate actors

9. The basic aim of Asia-Pacific Economic Cooperation (APEC) is to promote regional economic integration and free trade. It was founded in:

   A. 1980
   B. 1985
   C. 1989
   D. 1990

10. World Economic Forum was incorporated in 1971 as a foundation. The Forum was awarded NGO consultative status with the economic and social council of the UNO in:

    A. 1994
    B. 1975
    C. 1995
    D. 1980