Which of the following would you include when calculating the GNP?

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

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.

Which hinder economic development?

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

Consider the following information: National Income at current prices for the year Y1 = $30 billion USD National Income at current prices for the year Y2 = $80 billion USD Price Index for Y1 = 150 Price Index for Y2 = 200 What should be the National Income at constant prices for the year Y2?

Economics can be defined as:

Which of the four equations given below is INCORRECT?

Isoquant maps _____________:

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

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