Export-led growth tends toQuestion 12Answera.lead to unemployment among domestic workers.b.discourage competition in the global economy.c.exploit domestic comparative advantages.d.help firms benefit from small-scale production.

Which of these is not a benefit of exporting?a.easy to lose sight of home marketsb.reducing your reliance on any single marketc.larger economies of sale d.better margins

What does a policy of export-oriented industrialization encourage most?Group of answer choicesthe consumption of high-tech foreign exports to fuel domestic industrializationmanufacturing for foreign consumption to promote domestic economic developmenteconomic development by way of foreign direct investmentdeveloped countries to reduce tariff barriers on developing countries’ exports

A key factor in producing high economic growth isA) eliminating foreign trade.B) well-functioning financial markets.C) high interest rates.D) stock market volatility

A country engaging in trade according to the principles of comparative advantage gains fromtrade because itA) is producing exports indirectly more efficiently than it could alternatively.B) is producing imports indirectly more efficiently than it could domestically.C) is producing exports using fewer labor units.D) is producing imports indirectly using more labor units.E) is producing exports while outsourcing services.

5) Suppose that a "small country" experiences growth strongly biased toward its export, clothA) this will tend to worsen the country's terms of trade.B) this will tend to improve the country's terms of trade.C) this will tend to worsen terms of trade for the country's trading partner.D) this will tend to improve terms of trade for the country's trading partner.E) this will have no effect on terms of trade for the country's trading partner