In aukarky, when a community maximizes its standard of living, its production and consumption point is ?

Related Mcqs:

The opportunity cost of one DVD in Japan is ?

A. One ton of steel B. Two tons of steel C. Three tons of steel D. Four tons of steel...

In autarky, the relative price of X, in terms of Y in A would be ?

A. 1/2 Y B. 3/4 Y C. 1 Y D. 4/3 Y...

John Stuart Mill was the founder of the ?

A. Theory of reciprocal demand B. Theory of absolute advantage C. Theory of comarative advantage D. Theory of mercantilism...

Country B has an absolute advantage in ?

A. Product X B. Product Y C. Neither X nor Y D. Both X and Y...

Dynamic gains from trade could result from ?

A. The stimulus of additional investment spending as market open B. Economies of large scale production as markets open C. Additional competition made possible by the opening of markets D. All of the above...