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3636

which of the following is not a feature of economic underdevelopment 

  • A. monocultural economy
  • B. high productivity
  • C. low life expectancy
  • D. income inequality
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3637

one way of speeding up the economic development of a country is by encouraging

  • A. the consumption of consumer goods
  • B. early marriage
  • C. the importation of more consumer goods
  • D. savings and investment
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3638

Dumping in international occurs when a foreign firm sells

  • A. above its cost of production at home and abroad
  • B. below its cost of production at home and abroad
  • C. more goods to a country than the country has need of
  • D. below its cost of production in a foreign market
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3639

Infant industries can be described as?

  • A. newly established industries
  • B. industries enjoying tax holidays
  • C. industries producing baby products
  • D. newly commercialized industries
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3640

Modern international trade is based on the principle of?

  • A. absolute cost advantage
  • B. comparative advantage
  • C. terms of trade
  • D. balance of trade
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