Mahatma Ghandi Exhorted His Followers in India to Promote Economic

question 23

Multiple Choice

Mahatma Ghandi exhorted his followers in India to promote economic welfare by decreasing imports. This approach

• A) makes no sense.
• B) makes no economic sense.
• C) is consistent with the the Ricardian model of comparative advantage.
• D) is not consistent with the Ricardian model of comparative advantage.
• E) guarantees benefits for Indian workers.

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Definitions:

Grinders

Machines or tools designed for grinding various materials into finer particles or powders.

Income Distribution

The way in which a nation’s total GDP is spread amongst its population, affecting economic disparity and levels of poverty and wealth within society.

Demographic Variable

An individual characteristic that can be used to segment populations, such as age, gender, income, or marital status, for analysis or marketing purposes.

Unevenly Distributed

Refers to a situation where resources, values, or qualities are not spread out evenly or uniformly across a given area or among a group.