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25. Hong Kong and South Korea are examples of developing nations that have recently pursued industrialization policies. a. Import substitution b. Export promotion c. Commercial dumping d. Multilateral contract 26. Stabilizing commodity prices around long-term trends tends to benefit importersat the expense of exporters in markets characterized by: 27. Stabilizing commodity prices around long-term trends tends to benefit exportersat the expense of importers in markets characterized by: 28. To be considered a good candidate for an export cartel, a commodity should: 29. To be considered a good candidate for an export cartel, a commodity should: a. Be a manufactured good b. Be a primary product c. Have a low price elasticity of supply d. Have a high price elasticity of demand 30. To help developing nations strengthen their international competitiveness, many industrial nations have granted nonreciprocal tariff reductions to developing nations under the: 5
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