Show:
Advantages
Trade
Development
What happened here?
Issues and Challenges
100
These are the two things that give a country an advantage when it comes to trade.
What is human capital and natural resources?
100
The biggest argument in favor of trade barriers.
What is to save jobs?
100
This measure gives one information on the nutrition and health when measuring a country's development.
What is infant mortality rate
100
When price controls were lifted in Russia, this was the result.
What is high level of inflation.
100
Moving from a central economy to a market economy requires changes in the legal system especially in connection with this.
What is property rights?
200
You need this because of unequal distribution of resources.
What is specialization
200
The reason given for trade protection in the U.S. steel and energy markets.
What is national security?
200
The relationship between energy and development is...
What is higher use of energy is correlated with higher levels of development.
200
This country has created some free market reforms without political freedoms.
What is China.
200
The biggest risk to a worker in the transition from a centrally planned economy to a market economy is this.
What is unemployment?
300
The country with this should produce a given product.
What is comparative advantage?
300
When a currency can buy more of another currency we say that it has....
What is become stronger (appreciate)
300
Countries such as Mexico and Brazil have made progress toward development. Now they are known as
What is newly industrialized countries.
300
This country (mentioned in your text) benefits from large amounts of oil, but has not developed other industries.
What is Nigeria?
300
If a country has trouble paying its debts, the IMF will try to renegotiate its loans. But, in return the country must agree to this.
What is accept a stabilization program
400
According to the Law of Comparative Advantage, each person should produce the good for which he/she has...
What is the lowest opportunity cost?
400
When a currency is a flexible exchange rate, it depends on this.
What is supply and demand.
400
One problem faced by LDC's is that people who do get higher levels of education often leave to pursue opportunities elsewhere. This is known as...
What is brain drain
400
In spite of high rates of HIV and high unemployment, this country is counted in the 25 most productive countries.
What is South Africa?
400
Stabilization programs are controversial because
What is the poor usually suffer in the short term.
500
This is the primary disadvantage of specialization and trade.
What is some people will lose their jobs to other countries.
500
Multinationals can be controversial because
What is have too much political power over the country they are in?
500
The impact on development of a quickly growing population is...
What is economic decline (cannot keep up with population growth)
500
In Britain in the 1980's, a number of business were sold from the government to individuals. This is known as....
What is privatization.
500
The financial crisis in the US in 2007 illustrated what issue with globalization?
What is the ripple effect across nations