More Than Half of the Exports from Developing Nations Go

question 71

Multiple Choice

More than half of the exports from developing nations go to developed nations and:

• A)this proportion has been declining over the past 35 years.
• B)approximately 70 percent of exports from developed economies goes to other industrialized nations.
• C)the proportion of world trade accounted for by members of regional trade agreements has grown to nearly 50 percent.
• D)approximately 90 percent of exports from developed economies goes to other industrialized nations.
• E)The proportion of exports from developing nations that go to developed nations is on decline over the past 35 yrs and apporx 70% of exports from developed nations go to other industrialized nations.

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Definitions:

Ration Coupons

Tickets or coupons that entitle individuals to purchase a certain amount of a given product per month.

Rationing Coupons

Tickets or certificates that allow the holder to purchase a certain amount of a product or service, used especially in times of shortages to ensure equitable distribution.

Misallocation

The inefficient distribution or use of resources in an economy, often resulting from market failures or government intervention.

Resources

Assets, materials, and inputs needed for the production of goods and services, including time, labor, capital, and natural resources.