In the case of countries that have a comparative advantage in exporting raw materials, statistical studies show that:
A) the effect of international trade on economic growth is much greater than in countries that export manufactured goods.
B) the effect of international trade on economic growth is not significant.
C) international trade quickly causes these countries to shift to exporting manufactures.
D) international trade benefits poor workers much more than it benefits wealthy owners of land and capital.
Correct Answer:
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Q2: Which of the following statements about international
Q3: As a percentage of total world GDP,
Q4: After the sharp increase in protectionist trade
Q5: Statistical studies that have looked at the
Q6: While the empirical studies clearly tell us
Q8: In the case of raw material exporters,
Q9: The so-called natural resource curse is attributed
Q10: Technological progress is defined as:
A) an improvement
Q11: The term "factor accumulation" refers to:
A) the
Q12: Diminishing returns refers to:
A) the decrease in
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