A closed economy is one which - (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) (4) Is not a member of the U.N.O.

A closed economy is one which - (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) (4) Is not a member of the U.N.O.
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(1) Does not trade with other countries Explanation: A closed economy is one that has no exports or imports. An open economy is one that has exports and imports. In a closed economy, domestic quantity and domestic price entirely determine producer surplus and consumer surplus. In a closed economy, equilibrium price and equilibrium quantity determine consumer surplus and producer surplus.
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A closed economy is one which (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) Is not a member of the U.N.O.

Description : A closed economy is one which (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) Is not a member of the U.N.O.

Last Answer : Does not trade with other countries

What are the main components of basic social infrastructure of an economy? (1) Education, Industry and Agriculture (2) Education, Health and Civil amenities (3) Transport, Health and Banks (4) Industry, Trade and Transport

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Last Answer : (2) Education, Health and Civil amenities Explanation: Social infrastructure refers to the facilities and mechanisms that ensure education, health care, community development, income distribution, ... business travel and tourism infrastructure, including both man-made and natural attractions, etc.

What are the main components of basic social infrastructure of an economy ? (1) Education, Industry and Agriculture (2) Education, Health and Civil amenities (3) Transport, Health and Banks (4) Industry, Trade and Transport

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Last Answer : Education, Health and Civil amenities

"Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

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“Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : “Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer :  a country having no imports and exports

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Last Answer : B. Liberating the industry, trade and economy from unwanted restrictions

'PROTECTION' means - (1) Restrictions imposed on import trade (2) Protection to home industries (3) No free exchange of goods and services between two countries (4) All of the above

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Who can become the member of U. N. O.? -SST 10th

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Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

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An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

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he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

Description : he annual record for all the monetary transactions of a country with other countries of the world is known as - (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

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The annual record for all the monetary transactions of a country with other countries of the world is known as (1) Balance of trade (2) Balance of monetary-receipts (3) Balance of payments (4) Balance Sheet

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Last Answer : Balance of payments

“Air transport plays an important role in the international trade.” Support the statement. -Geography

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‘Dense and efficient network of transport and communication is a prerequisite for national and international trade’. -Geography

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Dense and efficient network of transport and communication is a prerequisite for national and international trade.' -SST 10th

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Last Answer : A dense and efficient network of transport and communication is a prerequisite for national and international trade: 1. India is a land of much diversity. Without proper communication and transport, ... facilities, amenities, and information. This, in turn, makes the lives of the people better.

“Dense and efficient network of transport and communication is a pre-requisite for national and international trade.” Support the statement with four arguments. -SST 10th

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What exactly is free trade and what business of our economy benefit from it?

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Internal economies - (1) arise when there is expansion in an industry. (2) arise in an economy as it makes progress. (3) accrue to a firm when it expands its output. (4) arise when there is expansion in internal trade.

Description : Internal economies - (1) arise when there is expansion in an industry. (2) arise in an economy as it makes progress. (3) accrue to a firm when it expands its output. (4) arise when there is expansion in internal trade.

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Description : Internal economies (1) arise when there is expansion in an industry. (2) arise in an economy as it makes progress. (3) accrue to a firm when it expands its output. (4) arise when there is expansion in internal trade.

Last Answer : arise when there is expansion in an industry.

What is the main function of a Sub Foreign Post Office?: (A) To send direct bags to foreign countries (B) To enable senders/addressees to present documents etc for the dispatch or release of their international articles (C) To function as an intermediary office for closed surface transit bags (D) To expedite the transmission of international mail

Description : What is the main function of a Sub Foreign Post Office?: (A) To send direct bags to foreign countries (B) To enable senders/addressees to present documents etc for the dispatch or ... as an intermediary office for closed surface transit bags (D) To expedite the transmission of international mail

Last Answer : (B) To enable senders/addressees to present documents etc for the dispatch or release of their international articles

A 'Market Economy' is one which - (1) is controlled by the Government (2) is free from the Government control (3) in influenced by international market forces (4) All of these

Description : A 'Market Economy' is one which - (1) is controlled by the Government (2) is free from the Government control (3) in influenced by international market forces (4) All of these

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Description : A ‘Market Economy’ is one which (1) is controlled by the Government (2) is free from the Government control (3) in influenced by international market forces (4) All of these

Last Answer : is free from the Government control

Give two reasons for the “means of transport” being called the lifelines of a nation’s economy. -Geography

Description : Give two reasons for the “means of transport” being called the lifelines of a nation’s economy. -Geography

Last Answer : Radio, television, e-mail, telegraph, etc., are the main means of communication whereas the railways, airways, buses, trucks, cars, etc., are the main means of transportation. ... its finished products are transported by the railways and roadways. Agriculture also depends greatly on transportation.

Which of the following is not the function of World Trade Organization? (a) To settle border disputes of member countries. ; (b) To handle trade disputes. (c) To provide technical assistance and training to developing countries. (d) To provide forum for trade negotiation between the member countries.

Description : Which of the following is not the function of World Trade Organization? (a) To settle border disputes of member countries. ; (b) To handle trade disputes. (c) To provide technical ... and training to developing countries. (d) To provide forum for trade negotiation between the member countries.

Last Answer : (a) To settle border disputes of member countries. ; (b) To handle trade disputes. 

Will the U.S. economy see hyperinflation, or deflation followed by hyperinflation?

Description : Will the U.S. economy see hyperinflation, or deflation followed by hyperinflation?

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How many member countries of the International Monetary Fund ?

Description : How many member countries of the International Monetary Fund ?

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How many member countries of the International Labor Organization ?

Description : How many member countries of the International Labor Organization ?

Last Answer : 16 member countries of the International Labor Organization.

Bull and bear are related to which commercial activity? (1) Banking (2) Ecommerce (3) International trade (4) Stock market

Description : Bull and bear are related to which commercial activity? (1) Banking (2) Ecommerce (3) International trade (4) Stock market

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’Infant industry argument’ in international trade is given in support of (a) Granting protection (b) Free trade © Encouragement to export oriented small and tiny industry (d) None of the above.

Description : ’Infant industry argument’ in international trade is given in support of (a) Granting protection (b) Free trade © Encouragement to export oriented small and tiny industry (d) None of the above.

Last Answer : (a) Granting protection

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Description : Which of the following is not a benefit of international trade? (a) Lower domestic prices (b) Development of more efficient methods of production © A wider selection of products for domestic consumers (d) High wage levels for all domestic workers.

Last Answer : The theory of comparative cost advantage is given by

According to Heckscher and Ohlin there are two bases of international trade (a) coparative advantage and absolute advantage (b) gains from trade and cost of trade. © difference in factor endowments and differences in factor intensities. (d) none of them.

Description : According to Heckscher and Ohlin there are two bases of international trade (a) coparative advantage and absolute advantage (b) gains from trade and cost of trade. © difference in factor endowments and differences in factor intensities. (d) none of them.

Last Answer : © difference in factor endowments and differences in factor intensities.

Bull and bear are related to which commercial activity ? (1) Banking (2) E-commerce (3) International trade (4) Stock market

Description : Bull and bear are related to which commercial activity ? (1) Banking (2) E-commerce (3) International trade (4) Stock market

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Description : The OECD A. Gathers and publishes data on the international economy. B. Provides financial assistance to developing countries. C. Approves international standards and product regulations. D. ... more developing countries than developed countries. E. Is a cartel of countries that export oil.

Last Answer : A. Gathers and publishes data on the international economy.

Mark the correct option relating to district forum a) It should have two member , one of whom shall be a woman b) Members age shall not be less than 35 years old c) Possess a bachelors of degree from recognized university d) Ten year knowledge and experience in dealing with problems relating to economics, law, commerce, accountancy, industry& public affairs e) All the above

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Last Answer : e) All the above

A member of the BOA shall, at the time of his/her appointment, possess the following qualifications, excepta. Must be a natural-born citizen andresident of the Philippines.b. Must not be a director or officer of theAPO at the time of his/her appointment.c. Must be of good moral character andmust not have been convicted of crimesinvolving moral turpitude.d. Must be a duly registered CPA withmore than ten (10) years of workexperience in any scope of practiceof accountancy.

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Description : Theoretically trade between two countries lakes place on account of - (1) differences In costs (2) scarcity of goods (3) comparative differences in costs (4) need for exports

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