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30 Multiple Choice Antworten
The ration of a country`s average export price to its average import price is
its absolute advantage
its comparative advantage
its terms of trade
its exchange rate
According to the Prebish-Singer thesis
demand for primary products has steadily fallen
profits of primary producers have steadily fallen
primary producers terms of trade have steadily fallen
prices of primary products have risen over time
The purpose of commodity buffer stocks is
to moderate price fluctuations
to raise commodity prices
to encourage commodity substitution
to guarantee national security
Developing countries might be unable to respond smoothly to changing international price signals because of
a lack of government regulation
an abundance of skilled labor
inelastic supply curves
limited foreign exchange
Autarchy as used in the text refers to
an economy that does not trade
an economy that trades primary products in exchange for manufactures
developing-country dictatorships
the caste system and related social structures
Which of the following is an argument in favor of the liberalization?
Increased technical efficiency
Accelerated technical progress
Decreased shortages of foreign exchange
All of the above
Both (a) and (b)
Wich of the following is an argument in favor of trade liberalization?
Increased investment
Infant industry
Fluctuating export earnings
Increased government revenue
Wich of the following is an argument in favor of the interventionist trade policies?
Cheaper capital goods
Declining terms of trade
Decreased losses from rent-seeking activities
All of the above
Non of the above
