The traffic which maximizes a country’s economic welfare is called

Related MCQs

• The imposition of an import tariff by a nation will increase the nation’s welfare:
• The study of entire economic system is called
• Which of the following is a better measure of economic development?
• The most outstanding feature of capitalist economic system is …
• Macro economic theory is also known as
• The most outstanding feature of the capitalist economic system is
• When automatic fiscal stabilizers are in place, a shock that causes a fall in the kevel of economic activity automatically
• Assume that the actual deficit is $150 billion with the economy well below potential output and that the level of economic activity rose to its potential level while tax revenues increased by $50 billion and transfer payments fell by $20 billion. Then, what is the structural deficit?
• Many economists who accept the real business cycle explanations of economic fluctuations
• Two goods that are used jointly to provide satisfaction are called