« previous next »

Author Question: Which of the following is a typical outcome of free trade? A) Unrestricted international trade ... (Read 56 times)

charchew

  • Hero Member
  • *****
  • Posts: 579
on: Jul 7, 2018
Which of the following is a typical outcome of free trade?
 
  A) Unrestricted international trade generally increases the overall prosperity of poor countries.
  B) Free trade sustains inflation in developing economies.
  C) Domestically produced products tend to be cheaper than imported products.
  D) Lower-cost imports cause living standards to deteriorate.

Question 2

What is implied by industrialization? How does it bring about economic development?
 
  What will be an ideal response?

Question 3

The more diverse the firm's global supply chain, the lesser the cost of logistics.
 
  Indicate whether the statement is true or false
International Business: The New Realities, Global Edition ¦ Cavusgil, Knight, Riesenberger ¦ 5th Edition
Buy Test-Bank


jomama

  • Sr. Member
  • ****
  • Posts: 346
Reply #1 on: Jul 7, 2018
Answer to Question 1

A

Answer to Question 2

Many emerging markets-rapidly developing economies in Asia, Latin America, and Eastern Europe-have now moved from being low value-adding commodity producers to sophisticated, competitive producers and exporters of premium products. These include such products as electronics, computers, and aircraft. For example, Brazil is now a leading manufacturer of Embraer commercial aircraft. The Czech Republic excels in producing automobiles. India is a leading supplier of software. Economic development results in increased incomes and living standards. Perhaps the most important measure of economic development is gross national income (GNI) per head.

Answer to Question 3

FALSE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

People often find it difficult to accept the idea that bacteria can be beneficial and improve health. Lactic acid bacteria are good, and when eaten, these bacteria improve health and increase longevity. These bacteria included in foods such as yogurt.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Typical DSO survey in Celestia Typical DSO survey in Celestia
Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site. Santiago Calatrava, Port Authority Trans Hudson (PATH) station, World Trade Center site.
Parts of a typical spark plug. Parts of a typical spark plug.
Typical Reverse Osmosis Filter Setup Typical Reverse Osmosis Filter Setup
Typical clinical manifestation of hereditary angioedema (C1 inhibitor deficiency). You can see a ... Typical clinical manifestation of hereditary angioedema (C1 inhibitor deficiency). You can see a ...
Typical sequence of tooth eruption for both deciduous and permanent teeth Typical sequence of tooth eruption for both deciduous and permanent teeth
Video: Osteoporosis

For a complete list of videos, visit our video library