No country produces all types of goods in sufficient quantity at desirable cost of production. Therefore, every country is required to import some goods from other countries to speed up industrialisation, meeting consumer demand, for overcoming the impact of negative natural events for improving the living standard of people. The government has to regulate import trade to ensure proper use of foreign exchange, to protect the interest of local industries etc. Identify the values involved behind the purpose of imports.

No country produces all types of goods in sufficient quantity at desir

1.	No country produces all types of goods in sufficient quantity at desirable cost of production. Therefore, every country is required to import some goods from other countries to speed up industrialisation, meeting consumer demand, for overcoming the impact of negative natural events for improving the living standard of people. The government has to regulate import trade to ensure proper use of foreign exchange, to protect the interest of local industries etc. Identify the values involved behind the purpose of imports.
Answer» No country produces all types of goods in sufficient quantity at desirable cost of production. Therefore, every country is required to import some goods from other countries to speed up industrialisation, meeting consumer demand, for overcoming the impact of negative natural events for improving the living standard of people. The government has to regulate import trade to ensure proper use of foreign exchange, to protect the interest of local industries etc. Identify the values involved behind the purpose of imports.

Discussion

No Comment Found

Related InterviewSolutions

Which of the following will not decrease the demand for a normal good?
Supposethere are 20 consumers for a good and they have identical demandfunctions:D(p)= 10 − 3pfor any price less than or equal to and d1(p)= 0 at any price greater than .Whatis the market demand function?
Monopolistic competition occurs when which of the assumptions about a perfectly competitive market is broken?
‘To avoid government regulation, businessmen follow the concept of social responsibility’. Is this statement true?
Which one of the following roles is not characteristic of an essential element?
Which of these sectors did the first plan focus on?
Remplace les mots soulignés par des pronoms :1. J’ai mis les fleurs sur la table de mon professeur.2. Tu prendras du pain et tu vas mettre le pain dans le sac.3. Vous ne pouvez pas monter le Qutab Minar.4. Je vais chez Paul avec les élèves.5. Est-ce que tu as écrit cet exercice dans ton cahier?
Remplis par un mot du texte:1. Il a ................... à son baccalauréat.2. Quand j'ai pris sa photo, le crocodile ..................... un lapin.3. Il a mené une vie pleine d' ...................4. Le serpent a attaqué le rat et .................... il l'a avalé.5. Il ne peut plus .................... la jambe après l'accident.
In your view, is it essential for the government to regulate the fee structure in education and health care institutions? If so, why?
A consumer wants to consume two goods. The prices of the two goods are Rs 4 and Rs 5 respectively. The consumer’s income is Rs 20.(i) Write down the equation of the budget line.(ii) How much of good 1 can the consumer consume if she spends her entire income on that good?(iii) How much of good 2 can she consumed if she spends her entire income on that good?(iv) What is the slope of the budget line?Questions 5, 6 and 7 are related to question 4.

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment