Which of the following is NOT one of the problems facing most developing nations ?

Related Mcqs:

1. To help developing nations strengthen their international competitiveness many industrial nations have granted non-reciprocal tariff reductions to developing nations under the ?

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

2. All of the following are trade problems of developing countries except?

   A. unstable export markets
   B. improving terms of trade
   C. limited access to the markets of industrial countries
   D. highly elastic demand curves for their products

3. Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?

   A. import substitution
   B. export promotion
   C. commercial dumping
   D. multilateral contract

4. Poor developing countries typically impose __________ tariffs than rich advanced nations on imports?

   A. lower
   B. higher
   C. about the same height
   D. None of the above

5. ________ protection such as the escape clause, provide temporary protection to domestic industries facing competition from fairly traded foreign goods?

   A. generalized system of preference
   B. countervailing duty
   C. domestic content
   D. safeguards

6. Adding up the quantities demanded of a good by different people facing the same price gives us the ?

   A. Supply curve
   B. Market demand curve
   C. Demand curve
   D. Market supply curve

7. Countries facing a persistent external deficit can ?

   I. borrow overseas
   II. increase trade restrictions and exchange controls
   III. undertake expansionary monetary and fiscal policies
   IV. Undertake expenditure-reducing policies

   A. I and II only
   B. III and IV only
   C. I, II and III only
   D. I, II and IV only

8. The migration of employable workers from low-paying nations to high-paying nations tends to decrease ?

   A. total wage income in the world
   B. wage disparities
   C. business or capitalist income in the world
   D. the productivity of labor

9. The migration of employable workers from low-paying nations to high-paying nations will ?

   A. decrease wage rates in the low-paying nations
   B. decrease productivity and real output in the world
   C. increase business or capitalist incomes in the high-paying nations
   D. increase business or capitalist incomes in the low-paying nations

10. The migrations of electricians from low-paying nations to high-paying nations is most likely to be challenged by ?

    A. electrician unions in the high-paying nations
    B. electrician unions in the low paying nations
    C. electrician employers in the high-paying nations
    D. electricians who stay in the low paying nations