If,England 1 wine = 1/2 cloth and if Portugal 1 wine = 1 cloth, this I an example of

Related MCQs

• England 1 unit wine =1/2unit cloth, Portugal 1 unit wine = 1 unit cloth. This is an example of
• Following is an example of final good:
• The provision of foreign bills of exchange in international payments in an example of _ .
• If Commodity Y requres 2 units of capital and 2 units of labor and commodity X requires 1 unit of capital and 4 units of labor then Y is
• Consider the following statements and identify the right ones. i. National income is the monetary value of all final goods and services produced. ii. Depreciation is deducted from gross value to get the net value
• Micro and Macro approaches are ________.
• Statistics such as GDP, the unemployment rate, the rate of inflation and the trade balance are:
• The basic factors of production are land, labour, capital and,
• If we compare GDP and GNP, then:
• An Indian farmer produces wheat without incurring cost of inputs alll sells for Rs. 1,000 to a miller who grinds wheat into flour and sells for Rs 1,200 to baker. The baker sells bread to consumers for Rs. 1,600. Total added is Rs.