A key component of the asset approach to exchange rates is being able to gauge accurately:

International specialization allows a country to use its resources to

a. create jobs for government workers by expanding international foreign aid programs b. produce special goods such as computer software that require specific knowledge c. expand the development of its natural resources such as lumber, oil deposits, and coal d. produce specific goods, allowing other countries to focus on the production of other goods e. develop political ties through international cooperation and mutual sharing of goods

The World Bank classifies countries as developed or developing on the basis of their:

a. disposable income. b. disposable income per capita. c. real income per capita. d. GNP per capita.