Import substitution is an example of ?
Import substitution is an example of ? A. the principle of comparative advantage B. the principle of absolute advantage C. an outward-looking growth strategyD. an inward-looking growth strategy
Trade Policies For the Developing Nations
Because supply and demand conditions for primary products are very price inelastic their prices ?
Because supply and demand conditions for primary products are very price inelastic their prices ? A. have been steadily rising in recent decades B. have been more stable than the prices of manufactured goods C. fluctuate about as much as…
Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
Which of the following strategies have develog countries not used to deal with the problem of unstable export markets ? A. multilateral contracts B. production and export controls C. buffer stock arrangementsD. tariff-rates quotas
The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?
The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ? A. a lack of substitutes for oil B. similar cost schedules for member countries C. highly inelastic world demand curve for oilD. economic…
All of the following are trade problems of developing countries except?
All of the following are trade problems of develog countries except? A. unstable export marketsB. improving terms of trade C. limited access to the markets of industrial countries D. highly elastic demand curves for their products
To be considered a good candidate for export cartel, a commodity should ?
To be considered a good candidate for export cartel, a commodity should ? A. be a manufactured good B. be a primary productC. have a low price elasticity of supply D. have a high price elasticity of demand
Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
Hong Kong and South Korea are examples of develog nations that have recently pursued ________ industrialization policies? A. import substitutionB. export promotion C. commercial dumg D. multilateral contract
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ? A. balance of trade deficits B. price inflation C. constrained economic growthD. improving terms of trade
A widely used indicator to differentiate developed countries from developing countries is ?
A widely used indicator to differentiate developed countries from develog countries is ? A. international trade per capitaB. real income per capital C. unemployment per capita D. calories per capita
Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?
Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ? A. sell 4 million pounds of tin…