Which of the Following Is Most Unlikely to Lead to a Reversal

question 57

Multiple Choice

Which of the following is most unlikely to lead to a reversal of a country's trade pattern?

• A)Growth in the country's endowment of the input that is initially scarce
• B)A proportionate increase in output in all the sectors of the economy
• C)International diffusion of technology
• D)Shifting tastes of the country's consumers

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Equivalent

Equal in value, measure, force, effect, significance, etc.

Missing Value

A term used in statistics and data analysis to denote a data point that is not recorded or is unknown.

Calculate

To determine the amount or number of something by mathematical means.

Simple Interest Rate

An interest rate calculation method where the interest is computed solely on the principal amount, without compounding.