Author Question: The experience of sub-Saharan Africa, as compared to that of Other Asia (not including the HPAEs) ... (Read 91 times)

vHAUNG6011 · **on:** Jun 30, 2018

The experience of sub-Saharan Africa, as compared to that of Other Asia (not including the HPAEs) supports the argument that

A) high rates of protection tend to harm economic growth.
B) the poorer is the country the easier it is for it to catch up economically.
C) low rates of protection tend to promote economic growth.
D) free trade always best stimulates a developing country's economy.
E) neither trade liberalization nor import substitution is a foolproof strategy for economic development.

Question 2

Intra-industry trade will tend to dominate trade flows when which of the following exists?

A) small differences between relative country factor availabilities
B) large differences between relative country factor availabilities
C) homogeneous products that cannot be differentiated
D) constant cost industries
E) uneven distribution of abundant resources between two countries