Directing domestic resources to output which a nation is highly efficient at producing is called____________________?

Related Mcqs:

All goods and services produced in a country in one year are called its__________________?

A. GNP B. GDP C. NDP D. None of these...

A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

A. Tax B. Tariff C. Transfer payment D. Subsidy...

Urban migration is causing the labour force to grow at annual rates of _____________in LDC?

A. 10-20% B. 5-7% C. 30-35% D. 35-40%...

A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

A. Subsidy B. Tax C. lump-sum-tax D. None...

Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?

A. Consumption economics B. Consumption function C. Consumption surplus D. Consumer demand...