Trade Barriers That Restrict Imports from Developing Countries Tend to Be

question 14

Multiple Choice

Trade barriers that restrict imports from developing countries tend to be

• A) highest in the capital goods and technology sectors of those economies.
• B) lowest in the labor-intensive manufacturing sectors of those economies.
• C) lowest for those products in which DVCs have a comparative advantage.
• D) highest for those products in which DVCs have a comparative advantage.

Describe the role of competition in driving market prices towards equilibrium.

Learn about the concept of shortages and surpluses and their causes.

Understand the conditions under which black markets emerge.

Understand the accounting process and journal entry preparation for stock dividends and stock splits.

---

Definitions:

Contract

An agreement between two or more parties, especially one that is written and enforceable by law.

Weekly Weight Gain

A measure of how much weight is gained within a week, which can be an important indicator of health status or progress in gaining or losing weight.

Cachexia

A complex metabolic syndrome associated with underlying illness, characterized by severe body weight, muscle, and fat loss.

Body Mass Index

A measure of body fat based on height and weight that applies to adult men and women, used to categorize underweight, normal weight, overweight, and obesity.