Exam 18: Trade and Development

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IDs and Paired-Concept Questions These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them. -Geographic location,trade

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Raul Prebisch,Hans Singer,and other economists argued that,over the long run,prices for primary commodity exports on the world markets tend to fall relative to prices of manufactured goods.This concept is known as:

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________ is the ratio of the prices a nation receives for the goods it exports relative to the prices it receives for the goods it imports.

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IDs and Paired-Concept Questions These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them. -Openness to trade,rate of growth in GDP per capita

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________ acts like a tax on economic activity and encourages rent-seeking behavior rather than productive investment.

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According to British economist Paul Collier,which of the following significantly increases the probability that a nation will experience a civil war?

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IDs and Paired-Concept Questions These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them. -Absolute advantage,comparative advantage

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Tariff escalation makes it harder for developing nations to move up the value-added ladder by imposing higher tariffs on imports of ________ than on ________.

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Which term labels the problem that emerging economies could face when experiencing export booms of primary commodities?

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Expanded production of primary products can stimulate ________ by making lower-cost primary goods available as inputs to other industries.

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IDs and Paired-Concept Questions These terms can be used individually as short-answer identification questions, or they can be used in pairs. In the latter case, ask students to explain (1) the meaning and significance of each of the two terms and (2) the relationship between them. -Politics,resource traps

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