Which industrialization policy used by developing countries places emphasis on the comparative advantage principle as a guide to resource allocation?
A) export promotion
B) import substitution
C) international commodity agreements
D) Infant Industry promotion
E) intra-industry trade practice
A
You might also like to view...
Macroeconomists are concerned with each of the following issues EXCEPT:
A. Why does inflation vary across countries? B. Why does inflation vary over time? C. Why do the prices of computers increase more slowly than the price of gasoline? D. What are the costs of inflation?
The purchase by an individual or firm of stock or bonds issued in another country is called
A) foreign exchange arbitrage. B) foreign portfolio investment. C) global stock exchange. D) foreign direct investment.
As more people entered the agricultural sector between 1865 and 1913, agricultural efficiency (i.e., output per man hour) fell
Indicate whether the statement is true or false
Which of the following statements about money is not true?
A. There is an opportunity cost of holding money. B. Present dollars are worth more than future dollars. C. Income-earning investment opportunities exist. D. When interest rates are positive, future dollars are more valuable than present dollars.