Export-Led Growth Tends to

question 38

Multiple Choice

Export-led growth tends to

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

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Definitions:

Isocost

A line representing all combinations of inputs that have the same total cost.

Capital

Financial assets or the financial value of assets, such as cash or goods, used to generate income.

Isoquant

A curve on a graph representing combinations of inputs that result in the production of the same quantity of output, used in the analysis of production function and input optimization.

Slope

Refers to the steepness or inclination of a line on a graph, representing the rate of change between two variables.