Trade Policies For the Developing Nations

A. higher than
B. equal to
C. lower than
D. there is no general pattern

A. primary products such as tin and bauxite
B. intermediate products
C. labor-intensive agricultural products
D. labor-intensive manufacturing products

A. lower tariff rates on goods from nations with normal trade relation status
B. lower tariff rates on goods from nations with most favored nation status
C. low or zero tariffs on goods from certain developing countries
D. identical tariff rates in products from all countries of the world

A. the world Bank
B. the international Monetary Fund
C. The Generalized System of Preferences
D. All of the above

A. tariff-rate quotas applied to imported goods
B. production and export controls
C. buffer stocks
D. multilateral contracts

A. international commodity agreements program
B. multilateral contract program
C. generalized system of preferences program
D. export-led growth program

A. be a manufactured goods
B. be a primary product
C. have high price elasticity of supply
D. have a low price elasticity of demand

A. normal trade relation status
B. most favored nation status
C. offshore assembly provisions
D. Generalized System of Preferences

A. mixed evidence that does not substantiate the deterioration hypothesis
B. overwhelming support for the deterioration hypothesis
C. overwhelming opposition to the deterioration hypothesis
D. None of the above

A. export promotion
B. import promotion
C. international commodity agreements
D. multilateral contracts