A. sell 4 million pounds of tin
B. sell 8 million pounds of tin
C. buy 4 million pounds of tin
D. buy 8 million pounds of tin
Trade Policies For the Developing Nations
Trade Policies For the Developing Nations
A. $100, 2 million barrels per day $60 million
B. $80, 4 million barrels per day $70 million
C. $60, 6 million barrels per day, $20 million
D. $40, 8 million barrels per day, $0 million
A. World Bank
B. International Monetary Fund
C. Council on Foreign Relations
D. Organization of petroleum Exporting Countries
A. is the first of the East Asian countries to be recognized for a successful outward-oriented development strategy
B. has retained to the present time its strategy of import substitution as a source of economic growth
C. has always accounted for a significant share of international trade, given its very large population
D. has significantly increased its openness to international trade and foreign investment in recent decades
A. has shown that is easy to achieve cooperation among cartel members
B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s
C. has shown greater success in realizing profits during periods of global recession
D. has had a level of success in raising oil prices that other developing countries are unlikely to achieve with other primary commodities
A. labor forces increase
B. capital stocks increase
C. new inventions increase productivity
D. All of the above
A. relatively greater than
B. relatively less than
C. the same as
D. Any of the above
A. purchase; decrease
B. purchase; increase
C. sell; increase
D. sell; decrease
A. developing country export to advanced countries to receive preferential tariff treatment
B. developing country imports from advanced countries to receive preferential tariff treatment
C. any developing country to ignore the most-favored nation clause
D. any advanced country to ignore the most favored-nation clause
A. relatively low import tariffs maintained by advanced countries
B. highly elastic demand for these products in advanced countries
C. declines in the supplies of these products on world markets
D. sluggish demand for these products in advanced countries
