Which industrialization policy have developing countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ?

Related Mcqs:

Most of developing-country exports consist of ?

A. primary products such as tin and bauxite B. intermediate products C. labor-intensive agricultural products D. labor-intensive manufacturing products...

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

A. higher than B. equal to C. lower than D. there is no general pattern...

The Generalized System of Preferences (GSP) program allows ?

A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...

All of the following are trade problems of developing countries except?

A. unstable export markets B. improving terms of trade C. limited access to the markets of industrial countries D. highly elastic demand curves for their products...

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

A. multilateral contracts B. production and export controls C. buffer stock arrangements D. tariff-rates quotas...