« previous next »

Author Question: Which of the following is a typical outcome of free trade? A) Unrestricted international trade ... (Read 52 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?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

Did you know?

More than 30% of American adults, and about 12% of children utilize health care approaches that were developed outside of conventional medicine.

Did you know?

Hip fractures are the most serious consequences of osteoporosis. The incidence of hip fractures increases with each decade among patients in their 60s to patients in their 90s for both women and men of all populations. Men and women older than 80 years of age show the highest incidence of hip fractures.

Did you know?

There are immediate benefits of chiropractic adjustments that are visible via magnetic resonance imaging (MRI). It shows that spinal manipulation therapy is effective in decreasing pain and increasing the gaps between the vertebrae, reducing pressure that leads to pain.

Did you know?

According to the Migraine Research Foundation, migraines are the third most prevalent illness in the world. Women are most affected (18%), followed by children of both sexes (10%), and men (6%).

Free Energy Enzymes Free Energy Enzymes
A typical bus system showing module CAN communications and twisted pairs of wire. A typical bus system showing module CAN communications and twisted pairs of wire.
Some typical electroencephalograms and their psychological correlates Some typical electroencephalograms and their psychological correlates
Typical neuron. Typical neuron.
Flowchart of typical compatibility testing for donors and recipients. Both donor and recipient are ... Flowchart of typical compatibility testing for donors and recipients. Both donor and recipient are ...
Typical Night’s Sleep for a Young Adult Typical Night’s Sleep for a Young Adult
Video: Prone Position

For a complete list of videos, visit our video library