Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

Related Mcqs:

Deforestation ?

I- leads to localized flooding II- reduces sustainable logging potential III- reduces watershed stability IV augments carbon restoration provided by forest A. I and II only B. III and IV only C. I, II and III only D. I, II , III and IV only...

Irreversibility refers to ?

A. natural resource that cannot be reproduced in the future if we fail to preserve them now B. obtaining intellectual property rights for products C. natural extinction of various species in DCs D. industrialization replacing agriculture in LDCs...

The green house effect is the phenomenon by which ?

A. biological diversity is dominant in agricultural production B. the globe’s water pollution affects plankton C. the earth’s atmosphere traps infrared radiation D. climatic changes occur naturally in the forest...

GDP would include which of the following ?

A. the value of taking a day off from work B. consulting services C. intermediate sales D. illegal drug sales E. housework...

Gross Domestic Product can be measured as the sum of ?

A. final goods and services intermediate goods, transfer payments, and rent B. consumption investment government purchases and net exports C. consumption transfer payments. wages and profits. D. Net National Product Gross National Product, and Disposable personal income E. investment wages profits and intermediate production...