Which of the Following Is an Argument in Favor of Outward-Oriented

question 45

Multiple Choice

Which of the following is an argument in favor of outward-oriented strategy?

• A) It leads to a fall in government deficit spending.
• B) It leads to a fall in domestic prices of imported goods.
• C) It helps the economy to grow more rapidly by encouraging exports.
• D) It leads to an increase in the price of exported goods in the foreign markets.
• E) It leads to an increase in the supply of goods and services in the domestic market.

Recognize the implications of the bowed-out shape of the production possibilities frontier indicating increasing opportunity costs.

Understand the distinction between attainable and unattainable outputs as represented by the production possibilities frontier.

Understand the impact of real wage changes on the opportunity cost of household work.

Recognize the factors contributing to the increased labor force participation of married women in the U.S.

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