Author Question: ________ policies refer to government programs designed to exploit natural comparative advantage by ... (Read 119 times)

jCorn1234 · **on:** Jun 30, 2018

________ policies refer to government programs designed to exploit natural comparative advantage by increasing production of a few export goods most closely related to a country's resource base.

A) Comparative advantage
B) Primary-export-led development
C) Import-substitution development
D) Inward-looking development

Question 2

The distinction between international trade and international money is not entirely clear because

A) real developments in the trade accounts do not have monetary implications.
B) the balance of payments includes only real measures.
C) developments caused by purely monetary changes have no real effects.
D) trade models focus on real, or barter relationships.
E) most international trade involves monetary transactions.