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

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.

What is considered to be the cornerstone of international trade?Multiple choice question.SpecializationTransportationTechnologyExchange rates

Export subsidy can be welfare improving trade policy for a domestic country if Group of answer choices the country that implements it is large it is used for agricultural products it cannot be welfare improving the country that implements it is small

Some countries have become highlydependent on one or more exportcommodities.

A country that imposes a tariff on imported goods is most likely to experience which benefit?A.Working conditions for domestic workers will improve relative to other countries.B.A wider variety of imported products will become available to consumers.C.The country will begin producing goods more efficiently than other countries.D.Goods produced by domestic companies will be cheaper than competing imports.