Export-led growth tends to A) discourage competition in the ...

[cookcarl]

Export-led growth tends to
 
  A) discourage competition in the global economy.
  B) exploit domestic comparative advantages.
  C) lead to unemployment among domestic workers.
  D) help firms benefit from diseconomies of large-scale production.
  E) lower the overall volume of imports.

Question 2

In the year 2012, Shinzo Abe became prime minister of Japan, promising bold policies to improve Japan's economy. What was the focus of his policies and how did they affect Japan's trade position?
 
  What will be an ideal response?

[Christopher]

Answer to Question 1

B

Answer to Question 2

What has been called Abenomics involved monetary policies designed to reduce the value of the Japanese Yen relative to other currencies. This resulted in increased exports and reduced imports, strengthening the Japanese economy.