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.

---

Definitions:

Monopolistic Competitor

A monopolistic competitor refers to a market structure where many firms sell products that are similar but not identical, allowing for product differentiation and some price control.

ATC Curve

Stands for Average Total Cost curve, a graph that represents the average total cost of producing a good or service at different levels of output.

Monopolistic Competitor

A firm in a market structure where many companies sell products that are similar but not identical, leading to competition based on factors other than price.

Price Discrimination

A pricing strategy where identical or substantially similar goods or services are sold at different prices by the same provider in different markets or segments.