Multiple Choice
An efficient economy would set the marginal product in the traditional 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.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: Historically those few developing countries which have
Q11: Statistical evidence suggests that<br>A) free trade policies
Q21: Which industrialization policy used by developing countries
Q24: The disappointment with import-substitution policies is in
Q30: The consensus today is that import-substitution protectionist
Q31: The relatively rapid economic growth experienced by
Q33: The "East Asian Miracle" of the "Four
Q37: To help developing countries expand their industrial
Q38: Export-led growth tends to<br>A) discourage competition in
Q39: All the following nations except _ have