The real income of domestic producers and consumers ... - Solved MCQs & Answer

608EconomicsMedium

The real income of domestic producers and consumers can be increased by?

AInternational trade but not technological progress

BNeither technological progress nor international trade

CTechnological progress, but not international trade

DTechnological Progress and international trade

Correct answer

D. Technological Progress and international trade

Explanation

The correct answer is Technological Progress and international trade.

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