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Countries whose economies and whose trade now include significant amounts of manufactured

Countries whose economies and whose trade now include significant amounts of manufactured products; are known as

a.NICs.

b.EDCs.

c.LDCs.

d.None of the above is correct.

 

2.One of the former Soviet republics (FSRs) is

a.Estonia.

b.Latvia.

c.Belarus.

d.All the above are correct.

 

3.__________  is an apt phrase to begin any analysis of the economies of the South compared to those of the North

a.“Coming into balance”

b.“Cooperative economies”

c.“Significantly poorer”

d.None of the above is correct.

 

4.EDCs, which form 32% of the world’s countries and have 16% of the world population, exported about __________ of all goods and services in 2010.

a.15 percent

b.35 percent

c.50 percent

d.70 percent

 

5.LDCs rely more than EDCs on the export of primary products,

such as

a.food.

b.fibers.

c.fuels.

d.All the above are correct.

 

6.An individual who advocates the benefits of protecting the domestic economy is most likely an economic

a.nationalist.

b.liberalist.

c.structuralist.

d.internationalist.

 

7.The view that a state should manipulate all movement of goods and services in the interest of the state is a policy that would be advocated by

a.free trade.

b.economic nationalists.

c.neoliberals.

d.Marxists.

 

8.Economic nationalists rely on all of the following strategies to preserve and expand state power except

a.economic disincentives.

b.imperialism.

c.free trade.

d.protectionism.

 

9.Economic nationalists suspicious of economic interdependence because they believe that it

a.further perpetuates class conflict.

b.inhibits free markets and inter­national free economic exchange.

c.undermines state sovereignty and weakens national economic strength.

d.gives some countries a competi­tive advantage over others.

 

10.__________ views the international economy as a non–zero-sum game.

a.Economic nationalism

b.Economic structuralism

c.Economic internationalism

d.Economic statecraft

Dec 10 2019 View more View Less

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