From where does the demand for funds arise according to the loanable fund theory?

Indices of the physical volume of production are NOT widely used to measure development because:

Isoquant maps _____________:

Which of the four equations given below is INCORRECT?

Economics can be defined as:

_____________ refers to the change in the output of a firm or industry in the long run, when all inputs are increased or decreased simultaneously in the same ratio.

When the production process is subject to increasing returns to scale, the returns to a variable factor of production:

Which hinder economic development?

The breakdown of the gold standards was the result of which of the following factors?

1. Deflation policies caused considerable difficulties.

2. Some gold standard countries did not obey the gold standard rules.

3. Sterling was over valued.

4. The export of gold became impossible.

_______________ is a tariff that maximizes a country's welfare.

Which would you include when calculating the GNP?