LDCs are reluctant to pursue development through the export of primary products because of ____ and _____ ?

Related Mcqs:

Economists suggest that an optimum tariff would be one which reduce imports to a point where___________?

A. Comparative advantage is achieved B. Price elasticity of imports is unity and tariff revenue is maximized C. import prices are the same as export prices D. marginal social cost equals marginal social benefit...

Tariffs ?

A. Decrease the domestic price of a product B. Increase government earnings from tax C. Increase the quantity of imports D. Decrease domestic production...

For the United states, exports plus imports are about _____ of its gross national product?

A. 5 percent B. 10 percent C. 25 percent D. 55 percent...

A feasible effect of international trade is that a (an) ?

A. Monopoly in the home market becomes an oligopoly in the world market B. Oligopoly in the home market becomes a monopoly in the world market C. Purely competitive firm in the home market becomes an oligopolist D. purely competitive firm in the home market becomes a monopolist...

The marginal propensity of consume is equal to ?

A. Total spending / total consumption B. Total consumption / total income C. Change in consumption / change in income D. Change in consumption / change in savings...