Given the Limits of International Cartel Power, One Alternative for a Developing

question 5

Multiple Choice

Given the limits of international cartel power, one alternative for a developing country to put upward pressures on the world prices of its primary product exports is to:

• A)tax its primary-product exports.
• B)impose tariffs on primary-product imports.
• C)subsidize its primary product exports.
• D)subsidize its manufacturing imports.

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Definitions:

Void After 90 Days

A phrase typically used on checks or legal documents indicating that the document or check is no longer valid if not used or cashed within 90 days from its date of issuance.

Stop Payment

A directive issued to a bank for the termination of a check or payment still pending processing.

Check Truncation

The process of converting a physical check into a digital form for electronic processing and payment.

Radical

An individual or viewpoint favoring drastic political, economic, or social reforms; often involves changes to the status quo.