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Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?
  • a)
    An increase in incomes of domestic consumers
  • b)
    A recession abroad
  • c)
    An increased productivity of domestic labor
  • d)
    An increased cost of domestic labor
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which of the following will help a country become an exporter of a pro...
An increased productivity of domestic labor will leads to increase in supply of the product. 
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Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?a)An increase in incomes of domestic consumersb)A recession abroadc)An increased productivity of domestic labord)An increased cost of domestic laborCorrect answer is option 'C'. Can you explain this answer?
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Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?a)An increase in incomes of domestic consumersb)A recession abroadc)An increased productivity of domestic labord)An increased cost of domestic laborCorrect answer is option 'C'. Can you explain this answer? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?a)An increase in incomes of domestic consumersb)A recession abroadc)An increased productivity of domestic labord)An increased cost of domestic laborCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following will help a country become an exporter of a product (assume that the product is a normal good given the median consumer income)?a)An increase in incomes of domestic consumersb)A recession abroadc)An increased productivity of domestic labord)An increased cost of domestic laborCorrect answer is option 'C'. Can you explain this answer?.
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