A. an economy more open to foreign trade and investment faces a more inelastic demand for unskilled workers
B. employers and consumers can more readily replace domestic workers with foreign workers by investing abroad or buying imports
C. globalization increases job insecurity
D. financial liberalization in LDCs leads to collapse of the economy
Related Mcqs:
- For Harvard’s Dani Rodrik Globalization involves ?
A. decreasing autonomy of the nation-state involves
B. the increasing international integration of markets for goods services and capital
C. changes of a traditional culture of a country to a western culture
D. giving aid to poor countries to improve their economy politics and social status - One percentage decrease in unemployment is associated with two percentage points of additional growth in real gdp is called?
A. Okun’s Law
B. classical theory
C. Consumer price index
D. none of the aboveSubmitted by: Maneesh Kumar
- The use of price points for reference to different levels of quality for a company’s related products is typical of which product mix pricing strategy ?
A. Optional-product pricing
B. Captive-product pricing
C. By-product pricing
D. Product line pricing - Points on the production possibilities frontier are ?
A. inefficient
B. normative
C. unattainable
D. efficient - An annual summary of country’s international economic and financial transactions is ?
A. the capital accounts
B. the international balance of payments statements
C. the long-term current account
D. the trade accounts - Hollis Chenery and Alan Strout identity three development stages in which growth proceeds at the highest rate permitted by the most limiting factors These factors are ?
I- the skill limit
II- the savings gap
III- the fiscal gap
IV- the foreign exchange gapA. I and II only
B. II and IV only
C. I, II and III only
D. I, II and IV only - The balance on current account ?
I- equals the absolute value of the balance on capital account
II- is financed by savings
III- is net grants minus remittances
IV- includes goods services and unilateral transfersA. I and II only
B. II and III only
C. I and IV only
D. None of the above - MNCs can help the developing country to ?
I- Finance a savings gap or balance of payments deficit
II- Obtain foreign technology by adapting existing processes
III- Generate appropriate technology by adapting existing processes
IV- Employ domestic labor, especially in skilled jobsA. I and II only
B. III and IV only
C. I, II and III only
D. I, II, III and IV - Bilateral aid ?
A. is technical aid given by IMF
B. is given directly by one country to another
C. is aid with repayment in inconvertible currency
D. is a loan at bankers’ standards - U.S total official development assistance to developing countries is ?
A. lowest among the OECD countries
B. higher currently than it was in the 1960s and 1970s
C. is equivalent to Holland’s aid
D. None of the above statements is true
