a country should protect those industries that are key for its long-term development.e Bovernments should single out important industries for governmental subsidies.C industries with potential export capabilities should be protected.D. certain industries should be protected for security reasons.E. None of above26. The infant-industry argument holds thatA.27. Human happiness, life expectancy, educational standards, etc. are known as:A. quality of life.B. qualitative per capita income measures.C. purchasing power parity.D. the capability poverty measure.E. inflation28. A tariff/duty isA. a quantitative restriction on goods shipped internationally.* a requirement that goods shipped internationally conform to safety and health requirements.C. a governmental tax (by value or per unit) on goods shipped internationally.D. a percentage tax on the total value of goods shipped internationally, which is argued to impose aneven higher percentage on the goods' manufactured portion of value.E. the overpricing of imports29. The theory of comparative advantage expands the theory of absolute advantage by stating thấtA. whereas the theory of absolute advantage holds for two countries, only the theory of comparativeadvantage can explain efficiency advantages among three or more countries.B. a country should produce only those products in which it has both an acquired and a naturaladvantage in addition to an absolute advantage.C. optimal global efficiency is possible only under the conditions of full employment, immobility ofresources, and high transportation costs.D. a country should specialize in those products it can produce more efficiently than other products,without regard to absolute advantage.E. None of the above30. Assume the following conditions: In the United States it takes 5 resources to produce potatoes and 10to produce coal. In Canada it takes 6 resources to produce potatoes and 9 to produce coal. According tothe theory of absolute advantage,A. the United States should import potatoes from Canada and export coal to Canada.B. the United States should import potatoes and coal from Canada and concentrate on producingother products.C. there would be no basis for trade.D. the United States should export potatoes to Canada and import coal from Canada.E. None of the above.31. The expansion of technology has contributed to the growth in international business byA. improving companies' ability to control and foreign operations.B. causing governments to liberalize cross-border trade movements.C. reporting transactions that heretofore were not counted in international business statistics.D. increasing tax collections so that governments can better afford to facilitate trade.E. None of above.

The term infant industry tells us about any industry which is in its initial stages. In this initial…

A a country should protect those industries that are key for its long-term development. * governments should single out important industries for governmental subsidies. C industries with potential export capabilities should be protected. D. certain industries should be protected for security reasons. E. None of above 26. The infant-industry argument holds that 27. Human happiness, life expectancy, educational standards, etc. are known as: A. quality of life. B. qualitative per capita income measures. C. purchasing power parity. D. the capability poverty measure. E. inflation 28. A tariff/duty is A. a quantitative restriction on goods shipped internationally. a requirement that goods shipped internationally conform to safety and health requirements. В. C. a governmental tax (by value or per unit) on goods shipped internationally. D. a percentage tax on the total value of goods shipped internationally, which is argued to impose an even higher percentage on the goods' manufactured portion of value. E. the overpricing of imports lunntage by stating that

A a country should protect those industries that are key for its long-term development. * governments should single out important industries for governmental subsidies. C industries with potential export capabilities should be protected. D. certain industries should be protected for security reasons. E. None of above 26. The infant-industry argument holds that 27. Human happiness, life expectancy, educational standards, etc. are known as: A. quality of life. B. qualitative per capita income measures. C. purchasing power parity. D. the capability poverty measure. E. inflation 28. A tariff/duty is A. a quantitative restriction on goods shipped internationally. a requirement that goods shipped internationally conform to safety and health requirements. В. C. a governmental tax (by value or per unit) on goods shipped internationally. D. a percentage tax on the total value of goods shipped internationally, which is argued to impose an even higher percentage on the goods' manufactured portion of value. E. the overpricing of imports lunntage by stating that

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

E3
Which of the following is associated with direct foreign investment? A. Official Development Assistance B. multinational corporations C. multilateral organizations e.g. World Bank D. None of these
Don't give irrel
What measure of economic development that is used most often to classify nations as industrially advanced or less developed? a. Self- sufficiency rate. b. Life expectancy at birth. c. Real per capita income. d. Federal government deficits.
ECONOMISTS UNITE! A.COMBATING RURAL POVERTY 09 B.INCREASING THE GNP What is the main focus of development planners that usually lead them to neglect some other issues? C. DECREASING ENVIRONMENTAL PROBLEMS SOLVING FINANCIAL ISSUES D. AND CONCERNS OF A cOUNTRY
ECONOMISTS UNITE ! A. NEGLECT OF HUMAN RESOURCES 10 B.EXCESSIVE CONTROLS What specific sin of development planners commit resulting to many poor countries remain poor and only few countries are rich? C GROWTH WITHOUT JUSTICE CONCER D.NUMBERS ED ONLY WITH
What are the parameters of determining the development of an a nation? Explain
1. Tasks ahead to achieve Sustainable Development Goals.
2 Is world population going to grow indefinitely?
19. In a particular market there are social costs that are greater than private costs What type of failure is this market experiencing ? Market imperfection Public goods Externalities Economics of scale 25. Which of the following is a main route by which developing countries have sought to obtain the benefits of industrialisation? Export substitution Import-led grotwh Import sustitution Protectionism
What other factors, aside from labor productivity,capital investment, and technology, impact the economicgrowth of a country? How?
3. a. What does Mankiw believe is the most important explanation of income differences among countries? b. What components does he argue determine this quality? c. Are there any steps the government can take to improve this quality over time?