Export-led growth tends to
A) discourage competition in the global economy.
B) exploit domestic comparative advantages.
C) lead to unemployment among domestic workers.
D) help firms benefit from diseconomies of large-scale production.
E) lower the overall volume of imports.
B
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Illustrate with a graph the effects of fiscal policy when exchange rates are fixed
What will be an ideal response?
If Germany purchased more goods and services abroad than it sold abroad last year, then it had
a. positive net exports which is a trade surplus. b. positive net exports which is a trade deficit. c. negative net exports which is a trade surplus. d. negative net exports which is a trade deficit.
The short-run instability in the prices of agricultural products arises from the following factors, except:
A. Inelastic demand for the products B. Fluctuations in farm outputs C. Fluctuations in demand for the products D. Fluctuations in incomes of the farmers
The table shows the demand and supply schedules for jeans
A) At $60 a pair, there is a shortage of jeans and the price will fall. B) At $60 a pair, there is a surplus of jeans and the price will rise. C) At $40 a pair, there is a shortage of jeans and the price will rise. D) At $40 a pair, there is a shortage of jeans and the price will fall.