12 through 1712. Developing countries might be unable to respond smoothly to changing international price signalsbecause of:a. a lack of government regulation.b. an abundance of skilled labor.c. inelastic supply curves.d. limited foreign exchange.13. Which of the following is an argument in favor of trade liberalization?a. Increased investment.b. Infant industry.c. Fluctuating export earnings.d. Increased government revenue.14. The real price trendline for non fuel primary commodities from 1960-2005 has been:a. Unchangedb. Steadily increasingc. Steadily decreasingd. First decreased and then increased.15. Which of the following is a major argument of trade optimists?a. Industrial policy can increase productivity of developing country manufacturing efficiency.b. New synthetic substitutes are constantly being discovered and improved.c. Developing country efficiency would improve with trade liberalization.d. All of the above.16. If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rateat 17 pesos per dollar then we can conclude that the peso is:a. appreciated.b. depreciated.c. overvalued.d. undervalued.17. The direct benefits of out-migration to a developing nation include:a. Loss of skilled workers.b. Increased remittances.c. Job growth.d. Larger capital formation.

Developing nations, additionally frequently alluded to as lower-income nations or the Global South,…

12. Developing countries might be unable to respond smoothly to changing international price signals because of: a. a lack of government regulation. b. an abundance of skilled labor. c. inelastic supply curves. d. limited foreign exchange.

12. Developing countries might be unable to respond smoothly to changing international price signals because of: a. a lack of government regulation. b. an abundance of skilled labor. c. inelastic supply curves. d. limited foreign exchange.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Related questions

Q: What does the phrase “Golden Age of Primary Products Exports” mean to you? Discuss what measures…

A: The phrase "Golden Age of Primary Products Exports" refers to the huge immensity of exports of…

Q: a. Identify and explain three instances where governments may intervene in trade that are relevant…

A: This can be described as a form of market in which no single producer or consumer has the power to…

Q: Liberalization means? a. Liberating the industry, trade and economy from unwanted restrictions b.…

A: Economics refers to the study of the scarcity of resources and its implications for the use of…

Q: The Middle East has increased its share of total world exports between 1965 and 2012: True or False?…

A: Introduction Export refers to a product or service produced in one country but sold to a buyer…

Q: Which of the following is true about BRIC countries: a. There is low prospects of growth b.…

A: The question is asking us to identify the correct statement about the BRIC countries. BRIC is an…

Q: Many people argue that the imposition of tariffs in industry X will increase factor incomes in that…

A: Income obtained from factors of production (the general inputs required to manufacture goods and…

Q: What happens to the welfare of foreign consumers? a. Lose L+M O b. Lose L+M+N+O+Q C. Gain L+M+N+O+Q…

A: An import tariff is levied on the value of imported goods by the government of the importing…

Q: . Question 11 options: ----------------Measures the value of production that occurs within a…

A: GDP or Gross Domestic Product is the sum total of the market value of final goods and services…

Q: The goal of the Central America Free Trade Agreement is to : a. establish a free trade agreement…

A: Let's first understand what does free trade means:- Free trade are known to be as the policies that…

Q: Why should marketers be aware of the BRIC countries? O They are a microcosm of the rest of the…

A: BRIC refers to the multilateral group which consists of Brazil, Russia, India and China.These are…

Q: Remittances sent by Latino workers abroad... a. have a negative impact in the national economies…

A: The answer is - b. Are vital to some Central American economies.

Q: 2.List three factors that will negatively affect Vietnam's ability to compete in a global economy.

A: Vietnam has experienced impressive economic growth and integration into the global economy. However,…

Q: What is a likely outcome if multilateral trade and investment liberalization fails to progress?…

A: The multilateral trade and investment liberalisation is a process in which of large number of…

Q: In the specific factors model, trade () the factor that is specific to the export sector of each…

A: The particular factors model is a short-run model in which the capital and land inputs are fixed but…

Q: QUESTION 36 The phenomenon that occurs when high-cost domestic producers are replaced by low-cost…

A: Trade is defined as the exchange of commodities and services across the boundary of the country.

Q: Explain in details: 1. How can a shortage of US currency (FX) in a developing country increased…

A: Disclaimer- “Since you have asked multiple questions, we will solve the first question for you as…

Question

12 through 17
12. Developing countries might be unable to respond smoothly to changing international price signals
because of:
a. a lack of government regulation.
b. an abundance of skilled labor.
c. inelastic supply curves.
d. limited foreign exchange.
13. Which of the following is an argument in favor of trade liberalization?
a. Increased investment.
b. Infant industry.
c. Fluctuating export earnings.
d. Increased government revenue.
14. The real price trendline for non fuel primary commodities from 1960-2005 has been:
a. Unchanged
b. Steadily increasing
c. Steadily decreasing
d. First decreased and then increased.
15. Which of the following is a major argument of trade optimists?
a. Industrial policy can increase productivity of developing country manufacturing efficiency.
b. New synthetic substitutes are constantly being discovered and improved.
c. Developing country efficiency would improve with trade liberalization.
d. All of the above.
16. If the equilibrium exchange rate is 15 pesos per dollar and the central bank fixes the exchange rate
at 17 pesos per dollar then we can conclude that the peso is:
a. appreciated.
b. depreciated.
c. overvalued.
d. undervalued.
17. The direct benefits of out-migration to a developing nation include:
a. Loss of skilled workers.
b. Increased remittances.
c. Job growth.
d. Larger capital formation.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1: Define developing countries

VIEW

Step 2: Explain the correct option

VIEW

Step 3: Explain why other options are incorrect

VIEW

Solution

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 4 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.

Similar questions

Economics Why is international finance desirable to borrowing countries? a. International finance allows capital-abundant societies to fetch higher rates of return on the provision of capital. b. International finance allows capital-starved societies to achieve better bargains than what is available domestically. c. International finance can force borrowing countries to privatize their industries. d. International finance can encourage borrowing countries to liberalize trade, despite domestic pressure. e. International finance is subject to market trends and ebbs and flows with market cycles.
If a country does not engage in trade with other countries, it is known as a. An open economy. b. A trade deficit economy. c. A closed economy. d. A trade surplus economy.
43. The process of sharing goods, services, knowledge, and cultures across national borders is referred to asa. multinationalism.b. relativism.c. hypernorms.d. globalization.
13. Other things being equal, the benefit-cost-risk trade-off is likely to be most favorable in: A. politically unstable developing nations that operate with a mixed or command economy. B. nations where there is a dramatic upsurge in either inflation rates or private-sector debt. C. politically stable developed and developing nations that have free market systems. D. developing nations where speculative financial bubbles have led to excess borrowing.
Help please
The volume of trade between two provinces or states of countries are influenced strongly whether they belong to the same nation or not. 1. true 2. false