The Balance of Payments & The National Economy Mcqs


Q.  Real GNP is a crude measure of national welfare because it excludes ?

a. consumption
b. investment
c. exports
d. work in the home


ANSWER: See Answer
 
No explanation is available for this question!
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MCQs:  By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?
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MCQs:  According to the Heckscher-Ohlin model ?
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MCQs:  In his empirical test of comparative advantage Wassily Leontief found that ?
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MCQs:  The Heckshcer-Ohl assumes that are indentical between countries?
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MCQs:  One of the predictions of the Heckscher-Ohlin model is that ?
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MCQs:  If tastes are identical between countries, then comparative advantage is determined by ?
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MCQs:  Industrial policies intended to foster comparative advantage for domestic industries could result in the implementation of ?
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MCQs:  The product cycle theory of trade is essentially a ?
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MCQs:  The Heckscher-Ohl in model rules out the classical model’s basis for trade by assuming that _________ is (are) identical between countries?
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MCQs:  Declining costs per unit of output results from international trade especially if ?
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MCQs:  Dynamic comparative advantage theory ?
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MCQs:  That the division of labor is limited by the size of the market best applies to which explanation of trade ?
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MCQs:  _____ 1954 study of U.S trade patterns showed that U.S exports were labor-intensive compared with U.S imports, even though the United States was widely regarded as a relatively capital-abundant nation ?
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