A. Countries that export a diversified selection of export products do not seem to be at much risk of experiencing immiserizing growth. Group starts. 1. True or 2.False B. Immiserizing growth is the situation in which the expansion of a country's exporting industry results in an increase in the world price of the exported good and a decrease in the economic well-being of the country. 1. True or 2.False C. According to the Rybczynski theorem, in a two-good world, with constant product prices, growth in a country's endowment of any one input results in an increase in the production of the good which does not use this input intensively. 1. True or 2.False D.Any change in the volume of export or import by a small country will have no effect on its terms of trade. 1. True or 2.False
A. Countries that export a diversified selection of export products do not seem to be at much risk of experiencing immiserizing growth. Group starts. 1. True or 2.False B. Immiserizing growth is the situation in which the expansion of a country's exporting industry results in an increase in the world price of the exported good and a decrease in the economic well-being of the country. 1. True or 2.False C. According to the Rybczynski theorem, in a two-good world, with constant product prices, growth in a country's endowment of any one input results in an increase in the production of the good which does not use this input intensively. 1. True or 2.False D.Any change in the volume of export or import by a small country will have no effect on its terms of trade. 1. True or 2.False
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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