Increase in aggregate output of goods and services

Related MCQs

• 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
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• Consider the following statements and identify the right ones. i. During independence, Indian economy was heavily dependent on the tertiary sector ii. Development of industrial and services sector was not limited.
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• A _______________ focuses on eliminating internal tariffs with member countries levying a common external tariff on goods being imported from nonmembers. Additionally, this type of regional economic integration allows free mobility of production factors such as labor and capital.
• As per IMF balance of payment manual, import export of goods should be presented on:
• Trade between two countries can be useful if cost ratios of goods are:
• In which of the following types of regional economic integration are internal tariffs eliminated with member countries levying a common external tariff on goods being
• _______________ occurs when production shifts to more efficient producers for reasons of comparative advantage, allowing consumers access to more goods at a lower price than would have been possible without integration.