Column A Column B 1.2.1  Economies of scale A  T…

Questions

Cоlumn A Cоlumn B 1.2.1  Ecоnomies of scаle A  Totаl аmount of income necessary to raise   everyone who is below the poverty line up   to that line. 1.2.2  Pollution B  When a country can produce more output   with the same input than another country. 1.2.3  Monopolistic   competition C  When the answer for IED is negative. 1.2.4  Normal goods D  A combination between perfect and   imperfect competition. 1.2.5  Poverty gap E  When the answer for IED is positive. 1.2.6  Absolute advantage F  Period during which all factors of   production are completely mobile. 1.2.7  Long-run G  When a country can produce the same   output at a lower resource input cost than   another country. 1.2.8  MR = MC H  Falling average costs as the costs are   divided over more units of output.     I  Most harmful to human health.     J  Profit maximisation point. (8)