8 23 Which of the following is one of the advantages of...

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8 23. Which of the following is one of the advantages of export-oriented industrialization? 1. A) It over comes the smallness of the domestic market and allows a developing nation to take advantage of economies of scale 2. B) Production of manufactured goods for export requires and stimulates efficiency throughout the economy 3. C) The expansion of manufactured exports is not limited by the growth of the domestic market 4. D) Alloftheabove D 24. Which of the following is one of the disadvantages of export-oriented industrialization? 1. A) It may be very difficult for developing nations to setup export industries because of the competition from the more established and efficient industries in developed nations 2. B) Developed nations often provide a high level of effective protection for their industries producing simple labor-intensive commodities in which developing nations already have or can soon acquire a comparative advantage 3. C) Domestic industries can grow accustomed to protection from foreign competition and have no incentive to become more efficient 4. D) BothAandB D 27. The New International Economic Order (NIEO) called for which of the following? 1. A) The renegotiation of the international debt of developing countries and the reduction in interest payments 2. B) The establishment of international commodity agreements 3. C) Preferential access in developed nations’ markets to all the manufactured exports of developing nations 4. D) All of the above D 28. Which of the following is not part of the demand for a NIEO? a. the establishment of international commodity agreements b. preferential access for the manufactured exports of developed nations c. removal of the agricultural trade barriers in developed nations d. increasing the yearly flow of foreign aid to developing nations
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B 31. What type of international commodity agreement involves the purchase of the commodity when its price falls below an agreed minimum price, and the sale of the commodity when its price rises above the established maximum price? A Buffer stock B Export controls C Purchase contracts D None of the above A 第十章 1. A nation’s balance of payments is crucial in the development of: 1. A) fiscal policy 2. B) monetary policy 3. C) trade Policy 4. D) alloftheotheranswers A 5. Which of the following is an example of a capital outflow for the US? 1. A) An increase of U.S. assets held by foreign investors 2. B) A reduction in US holdings of foreign assets 3. C) An increase in US holdings of foreign assets 4. D) Unilateral transfers from foreigners C 13. The capital account of the U.S. includes: a. the change in U.S. assets abroad and foreign assets in the U.S., including official reserve assets b. the change in U.S. assets abroad and foreign assets in the U.S., other than official reserve assets c. all financial assets d. all but current account transactions B 14. Which of the following is classified as a credit in the US balance of payments?
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