Which of the Following Would Not Increase Potential GDP

question 72

Multiple Choice

Which of the following would not increase potential GDP?

• A) An increase in the size of the labour force
• B) Technological change
• C) A fall in the rate of unemployment
• D) New factories being built

Comprehend various pricing strategies, including value pricing and their applications in real-world scenarios.

Understand the fundamentals of cost, volume, and profit relationships and their importance in setting prices.

Grasp the concept of pricing objectives and how they align with an organization's marketing and strategic plans.

Recognize the role of pricing constraints in the formulation of pricing strategies and their impact on business operations.

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Definitions:

Imports

Items or services that come from foreign countries for the purpose of being sold domestically.

Import-Licensing Requirement

Regulations requiring a company or individual to obtain permission, often through a specific license, before importing goods into a country, used by governments to control the volume and types of goods entering the market.

Nontariff Barriers

All barriers other than protective tariffs that nations erect to impede international trade, including import quotas, licensing requirements, unreasonable product-quality standards, unnecessary bureaucratic detail in customs procedures, and so on.

Import Restrictions

Government-imposed controls or limitations on the quantity or value of goods that can be imported into a country, often to protect domestic industries.