1Chapter 10 Trade in Developing Countries
1 Multiple Choice Questions
1. The infant industry argument was an important theoretical basis for
(a) Neo-colonialist theory of international exploitation.
牛肉披萨的做法(b) Import-substituting industrialization.
(c) Historiography of the industrial revolution in Western Europe.
(d) East-Asian miracle.
(e) None of the above.
Answer: B
2. Sophisticated theoretical arguments supporting import-substitution policies include
就这样被感动(a) Terms of trade effects.
(b) Scale economy arguments.
(c) Learning curve considerations.
(d) The problem of appropriability.
(e) None of the above.
Answer: D
3. General equilibrium considerations lead to the realization that import-substituting policies have
an effect of
凉薯的做法
女人经期一般几天(a) Discouraging exports.
(b) Encouraging exports.
(c) Encouraging an efficient u of a country’s resources.
(d) Generating large tariff revenues for the government
(e) None of the above.
Answer: A
没问题英语怎么说4. Historically tho few developing countries which have succeeded in significantly raising their
per-capita income levels
(a) Did not accomplish this with import-substituting industrialization.
(b) Did accomplish this with import-substituting industrialization.
(c) Tended to provide heavy protection to domestic industrial ctors.
(d) Favored industrial to agricultural or rvice ctors.
(e) None of the above.
Answer: A
5. Statistical evidence suggests that
(a) Free trade policies promote economic growth more effectively than do import substitution policies.
(b) Import substituting policies tend to promote effective exploitation of scale economies.
(c) Import substitution tends to lead to relatively low effective rates of protection.
(d) Import substitution is to this day the preferred growth strategy promoted by the World Bank.
(e) None of the above.
Answer: A
6. The growth success of the high performance Asian economies
(a) Supports the belief that economic development requires import substitution policies.
(b) Rejects the belief that export-oriented industrialization is likely to promote economic development.
(c) Rejects the belief that economic development requires import substitution policies.
(d) Suggests that free trade policies are required for successful economic development.
(e) None of the above.
Answer: C
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7. The high correlation between rapid growth in exports and rapid economic growth obrved in veral East Asia countries in recent decades proves that
(a) Export promoting trade policy leads to relatively rapid economic growth.
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(b) A free-trade orientation of trade policy results in rapid economic growth.
(c) Exports help growth, whereas imports impede growth.
(d) Trade policy is perhaps the most important policy area for promotion of economic development.
(e) None of the above.
Answer: E
8. The relatively rapid economic growth experienced by Chile in the late 1980s
(a) Supported the conventional Latin American reliance on import substitution.
(b) Relied on the Harris-Todaro model to explain this growth.
(c) Rejected the conventional Latin American reliance on import substitution.
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(d) Demonstrated the importance of market failure as a reason for import substitution.
(e) None of the above.
Answer: C
9. Which of the following could explain why the terms of trade of developing countries might deteriorate over time?
(a) Developing country exports consist mainly of manufactured goods
(b) Developing country exports consist mainly of primary products.
(c) Commodity export prices are determined in highly competitive markets.
(d) Commodity export prices are solely determined by developing countries.
(e) None of the above.
Answer: C
10. Which trade strategy have developing countries ud to restrict imports of manufactured goods so that the domestic market is prerved for home producers, who thus can take over markets already established in the country?
(a) International commodity agreement.
(b) Export promotion.
(c) Multilateral contract.
(d) Import substitution.
(e) None of the above.
Answer: D
11. To help developing countries expand their industrial ba, some industrial countries have reduced tariffs on designated manufactured imports from developing countries below the levels applied to imports from industrial countries. This policy is called
