Which statement about South Africa's standing in the global economy is NOT correct?
a. The country has traditionally dominated the regional economy.
b. South Africa is the only African member of the G20.
c. Despite tariff reductions mandated by the International Trade Association (ITA), South African local industries that were once protected from foreign competition have managed to remain competitive in the country's domestic market.
d. South Africa has historically had a trade surplus and a low foreign debt.
e. South Africa's most buoyant export industry is the energy sector.
c
You might also like to view...
One of the main tools of President Nixon’s attempts to reduce national authority was the use of ______.
a. grants-in-aid b. categorical grants c. block grants d. revenue sharing
Capitalism was the West's answer to the postcolonial world of corruption and mismanagement, but it was tainted by its close association to colonialism
a. True b. False Indicate whether the statement is true or false
Brazilian Senators to the national legislature are elected
a. by a plurality vote in each state and the federal district. b. on a staggered basis with two-thirds being elected one time and the other third four years later. c. on a staggered basis with two-thirds being elected one time and the other third three years later. d. every four years e. through a series of primaries held in each state and the federal district.
International organizations have some interesting traits that contribute to member compliance. Select the answers below that are consistent with these traits:
a. IO’s would meet their stated goals if members’ collective action benefits outweighed the cost of such action. b. Fewer members means that remaining member responsibility increases. c. There is a cost and benefit specific optimal size for any IO. d. All of the above.