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Trade and Development — Test Answers

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21
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What characterizes developing economies? Choose two correct answers.

A
a growing industrial economy
B
a focus on agricultural activity
C
a low level of reliance on natural resources
D
a shrinking middle class
E
a drop in the standard of living
22
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Which best describes how standards help domestic producers?

A
Standards offer incentives to ensure high quality.
B
Standards restrict the import of cheap goods.
C
Standards provide financial support for producers.
D
Standards require goods to meet basic requirements.
23

Read the quotation by President Bill Clinton. "Free trade can be a win-win for everyone, but only if it is based on fair rules, enforced faithfully, with adequate safeguards to protect the rights of workers and the environment.” With which statement would President Bill Clinton most likely have agreed?

A
Free trade has drawbacks for participants.
B
Free trade must be carefully monitored.
C
Free trade helps every nation.
D
Free trade will eliminate poverty.
24

What type of economic growth do most developed economies experience?

A
rapid growth
B
unpredictable growth
C
moderate growth
D
slow growth
25

Which type of incentive makes it more profitable to follow a certain course of action? [Dropdown 1]

Answer:

positive

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