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Question: Developing countries might be unable to respond smoothly to changing international price signals ...

Show transcribed image text Developing countries might be unable to respond smoothly to changing international price signals because of: a. a lack of government regulation. b. an abundance of skilled labor. c. inelastic supply curves. d. limited foreign exchange. Which of the following is an argument in favor of trade liberalization? a. Increased investment. b. Infant industry. c. Fluctuating export earnings. d. Increased government revenue. The real price trendline for non fuel primary commodities from 1960-2005 has been: a. Unchanged b. Steadily increasing c. Steadily decreasing d. First decreased and then increased. Which of the following is a major argument of trade optimists? a. Industrial policy can increase productivity of developing country manufacturing efficiency. b. New synthetic substitutes are constantly being discovered and improved. c. Developing country efficiency would improve with trade liberalization. d. All of the above. If the equilibrium exchange rate is 15 peso

Developing countries might be unable to respond smoothly to changing international price signals because of: a. a lack of government regulation. b. an abundance of skilled labor. c. inelastic supply curves. d. limited foreign exchange. Which of the following is an argument in favor of trade liberalization? a. Increased investment. b. Infant industry. c. Fluctuating export earnings. d. Increased government revenue. The real price trendline for non fuel primary commodities from 1960-2005 has been: a. Unchanged b. Steadily increasing c. Steadily decreasing d. First decreased and then increased. Which of the following is a major argument of trade optimists? a. Industrial policy can increase productivity of developing country manufacturing efficiency. b. New synthetic substitutes are constantly being discovered and improved. c. Developing country efficiency would improve with trade liberalization. d. All of the above. If the equilibrium exchange rate is 15 peso