Count in both this year's and next year's GDP.
Are not counted as a part of GDP.
Count in this year's GDP.
Count in next year's GDP.
Adam has an absolute advantage in both activities
Eve has a comparative advantage in paint stripping
For Adam, the opportunity cost of stripping the paint from 1 metre of railings is painting 4 metres of railings
For Eve, the opportunity cost of painting 1 metre of railings is stripping 2 metres of railings
To help poorer countries with their economic development
To maintain international financial stability in global financial markets
To settle industrial and trade disputes between members
To implement and advance global trade agreements
None of the above
A tariff always generates tax revenues to the government while a quota does not
A tariff affects the domestic price of a commodity while a quota does not
A tariff disadvantages consumers while a quota does not
A tariff encourages increased domestic production, while a quota does not
An increase in social costs and a reduction in negative externalities
An increase in private costs and a reduction in negative externalities
An increase in both social costs and negative externalities
An increase in both private costs and negative externalities
Funding for children’s education
Buying a house
Buying medical insurance
Pump and Dump scam
Make, Model and Age of Vehicle
Age, Gender and Occupation of motorist
Claims history of motorist
All of the above
The bankrupt cannot leave the country without permission from the Official Assignee
The bankrupt cannot incur credit exceeding $500 without disclosing his bankruptcy
The bankrupt cannot be a director of a company under all circumstances
There is no automatic discharge from bankruptcy