Export-Led Growth Tends to

question 9

Multiple Choice

Export-led growth tends to

• A) exploit domestic comparative advantages.
• B) discourage competition in the global economy.
• C) lead to unemployment among domestic workers.
• D) help firms benefit from diseconomies of large-scale production.

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Definitions:

U.S. Corporations

Entities that are incorporated under the laws of a particular state in the United States, distinguished by having legal identities separate from their owners.

Trade Barriers

Measures imposed by governments or public authorities to regulate foreign trade and protect domestic industries from foreign competition.

Import Quotas

Limits set by a government on the amount or number of goods that can be imported into a country over a set period of time.

Foreign Sovereign Immunities Act

A U.S. law that sets limitations on lawsuits against foreign governments in U.S. courts, establishing certain conditions under which foreign sovereigns are not immune from litigation.