In comparative advantage, the key comparison is between countries’ A Money supply sizes B Population growth rates C Tax collection
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Chapter 18: International Trade and Institutions (Set-3)
A country has comparative advantage in a good when its opportunity cost of producing it is A Lower than others
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When a country can produce a good at a lower opportunity cost than others, it has A A. Export subsidy
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Which idea explains trade when one country is better in producing a good using fewer resources A Terms of trade
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If output rises but most poor households see little improvement in schooling, health, and earnings, the situation best indicates A
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In Indian planning, “allocation” mainly refers to deciding A Daily market prices B Court case timelines C Currency note design
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In Indian planning, “priority sector” means the sector that A Pays most tax B Imports the most C Gets most
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In Indian planning, “priority sector” means the sector that A Pays most tax B Imports the most C Gets most
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When real GDP rises but the share of people lacking schooling and basic health services remains high for years, the
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When real GDP rises but the share of people lacking schooling and basic health services remains high for years, the
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