480) Which of the following policies would not be used by a government which wished to increase the output per labour hour?
Answer is:
Discouraging firms from investing in new capital.
Related Micro Economics MCQ (GK Set-1) with Answers
Answer is:
Country A has an absolute advantage in cloth.
Answer is:
Country A will export cloth to B, and import wheat from B, and each country will be able to consume more of both products than before
Answer is:
If a worker in country D could produce more than 3 tents a week
Answer is: