Free trade with other countries allows poor nations the opportunity to exploit their comparative advantage in agricultural goods.
Answer the following statement true (T) or false (F)
True
Poor nations need export markets. Export sales generate the hard currency (dollars, euros, and yen) that is needed to purchase capital equipment in global markets. Export sales also allow farmers in poor nations to expand production, exploit economies of scale, and invest in improved technology.
Economics
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Moving between two points on a PPF, a country gains 8 desktop computers and forgoes 4 laptop computers. The opportunity cost of 1 desktop computer is
A) 4 laptops. B) 1/2 of a lapto
Economics
Suppose the consumer price index (CPI) for a given year is 150 . This means the rate of inflation for the given year is 50 percent
a. True b. False Indicate whether the statement is true or false
Economics