The desirability of an export orientation for development rests on the claim that export industries
a. make better use of domestic resources than do import-substitute industries
b. attract foreign investors
c. use factors of production that are abundant domestically
d. earn more foreign exchange than would be saved by substituting for imports
e. all of the above
E
Economics
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A U.S. citizen buys some toys made in China for his son. This is an example of a(n) ________
A) transfer payment to the U.S. B) import by China C) transfer payment to China D) export by China
Economics
Correlation means
A) "on the margin." B) the tendency for the values of two variables to move in a predictable and related way. C) other things remaining the same. D) "after this, therefore because of this." E) a natural experiment has been conducted.
Economics