Tariff levels in advanced countries tend to be __________ tariff levels in develog countries? A. higher than B. equal toC. lower than D. there is no general pattern
Most of develog-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
Concerning tariff policy, the United States does not charge? A. lower tariff rates on goods from nations with normal trade relation status B. lower tariff rates on goods from nations with most favored nation status C. low or zero tariffs…
Among the institutions and policies that have been created to support develog countries are? A. the world Bank B. the international Monetary Fund C. The Generalized System of PreferencesD. All of the above
To stabilize the prices of primary products international commodity agreements have utilized all of the following except ? A. tariff-rate quotas applied to imported goods B. production and export controls C. buffer stocks D. multilateral contracts
To help develog nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to develog nations under the ? A. international commodity agreements program B. multilateral contract programC. generalized system of preferences program D. export-led growth program
To be considered a a good candidate for an export cartel, a commodity should ? A. be a manufactured goods B. be a primary product C. have high price elasticity of supplyD. have a low price elasticity of demand
The arrangement where goods imported from trading partners in the develog world are subject to lower tariff rates than goods from other countries is referred to as ? A. normal trade relation status B. most favored nation status C. offshore…
Concerning the hypothesis that there has occurred a long run deterioration in the develog 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.…
Which industrialization policy have develog countries used which places emphasis on the comparative advantage principle as a guide to resource allocation ? A. export promotion B. import promotion C. international commodity agreements D. multilateral contracts