Search
.Management Sciences
Category: Trade Policies For the Developing Nations
Among the institutions and policies that have been created to support developing countries are?
A. the world Bank
B. the international Monetary Fund
C. The Generalized System of Preferences
D. All of the above
_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?
A. absolute advantage
B. comparative advantage
C. export-led growth
D. import substitution
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
Assume That the firms operate as purely competitive sellers (a purely competitive industry) In the long run, equilibrium price equals _________ quantity equals _________ and profits total _________?
A. $100, 2 million barrels per day $60 million
B. $80, 4 million barrels per day $70 million
C. $60, 6 million barrels per day, $20 million
D. $40, 8 million barrels per day, $0 million
Economic growth occurs because ?
A. labor forces increase
B. capital stocks increase
C. new inventions increase productivity
D. All of the above
The People’s Republic of China ?
A. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy
B. has retained to the present time its strategy of import substitution as a source of economic growth
C. has always accounted for a significant share of international trade, given its very large population
D. has significantly increased its openness to international trade and foreign investment in recent decades
To be considered a good candidate for export cartel, a commodity should ?
A. be a manufactured good
B. be a primary product
C. have a low price elasticity of supply
D. have a high price elasticity of demand
Concerning the hypothesis that there has occurred a long run deterioration in the developing countries terms of trade empirical studies provide ?
A. mixed evidence that does not substantiate the deterioration hypothesis
B. overwhelming support for the deterioration hypothesis
C. overwhelming opposition to the deterioration hypothesis
D. None of the above
Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?
A. inelastic demand for these products in advanced countries
B. large increases in the supplies of these products on world markets because of export expansion policies
C. sluggish demand for these products in advanced countries
D. All of the above
Import substitution is an example of ?
A. the principle of comparative advantage
B. the principle of absolute advantage
C. an outward-looking growth strategy
D. an inward-looking growth strategy
Recent Comments