Question 1

China's recent experience supports the proposition that

Accepted Answer

A) "economic miracles" are solely to be expected in small countries. 
B) central planning and socialism can promote sustained economic growth. 
C) a lessening of income disparities is a prerequisite for economic growth. 
D) growth in a large country cannot be affected by its foreign sector. 
E) policy changed can dramatically prompt export oriented growth 
A) "economic miracles" are solely to be expected in small countries. 
B) central planning and socialism can promote sustained economic growth. 
C) a lessening of income disparities is a prerequisite for economic growth. 
D) growth in a large country cannot be affected by its foreign sector. 
E) policy changed can dramatically prompt export oriented growth

Question 2

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

Accepted Answer

A) Developing country exports consist mainly of manufactured goods. 
B) Developing country exports consist mainly of primary products. 
C) Commodity export prices are determined in highly competitive markets. 
D) Commodity export prices are solely determined by developing countries. 
E) Developing country exports are too diverse. 
A) Developing country exports consist mainly of manufactured goods. 
B) Developing country exports consist mainly of primary products. 
C) Commodity export prices are determined in highly competitive markets. 
D) Commodity export prices are solely determined by developing countries. 
E) Developing country exports are too diverse.

Question 3

An efficient economy would set the marginal product in the traditional sector

Accepted Answer

A) lower than that in the modern non-traditional sector. 
B) higher than that in the modern sophisticated sector. 
C) equal to that in the modern sophisticated sector. 
D) lower in the relatively capital intensive sector. 
E) higher in the relatively capital intensive sector. 
A) lower than that in the modern non-traditional sector. 
B) higher than that in the modern sophisticated sector. 
C) equal to that in the modern sophisticated sector. 
D) lower in the relatively capital intensive sector. 
E) higher in the relatively capital intensive sector.

China's recent experience supports the proposition that

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

An efficient economy would set the marginal product in the traditional sector

Introduction

World Trade: An Overview

Labor Productivity and Comparative Advantage: The Ricardian Model

Specific Factors and Income Distribution

Resources and Trade: the Heckscher-Ohlin Model

The Standard Trade Model

External Economies of Scale and the International Location of Production

Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

The Instruments of Trade Policy

The Political Economy of Trade Policy

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange Market: An Asset Approach

Money,Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Financial Globalization: Opportunity and Crisis

Optimum Currency Areas and the Euro

Developing Countries: Growth, Crisis, and Reform

Filters

Exam 11: Trade Policy in Developing Countries

China's recent experience supports the proposition that

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

An efficient economy would set the marginal product in the traditional sector

Introduction

World Trade: An Overview

Labor Productivity and Comparative Advantage: The Ricardian Model

Specific Factors and Income Distribution

Resources and Trade: the Heckscher-Ohlin Model

The Standard Trade Model

External Economies of Scale and the International Location of Production

Firms in the Global Economy: Export Decisions, Outsourcing, and Multinational Enterprises

The Instruments of Trade Policy

The Political Economy of Trade Policy

Controversies in Trade Policy

National Income Accounting and the Balance of Payments

Exchange Rates and the Foreign Exchange Market: An Asset Approach

Money,Interest Rates, and Exchange Rates

Price Levels and the Exchange Rate in the Long Run

Output and the Exchange Rate in the Short Run

Fixed Exchange Rates and Foreign Exchange Intervention

International Monetary Systems: An Historical Overview

Financial Globalization: Opportunity and Crisis

Optimum Currency Areas and the Euro

Developing Countries: Growth, Crisis, and Reform

Filters