International Trade Can Contribute to the Economic Growth of Today's

question 51

Multiple Choice

International trade can contribute to the economic growth of today's developing nations in which of the following ways?

• A)Trade can lead to the full utilization of otherwise underemployed domestic resources.
• B)By expanding the size of the market,trade makes possible division of labor and economies of scale.
• C)International trade is the vehicle for the transmission of new ideas,new technology,and new managerial and other skills.
• D)All of these options are correct.

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Definitions:

Spline

A series of ridges or teeth on a drive shaft that mesh with grooves in a mating piece, allowing torque to be transferred while permitting some axial movement.

Yoke

Any of a number of different fork-shaped components. Shift yokes (on shift rails) fit to dog clutches in a transmission to move them in and out of engagement. A pair of drive shaft yokes couple to each other using a U-joint as an intermediary.

Brinelling

Minor indentations on the shoulder or in the valley of a bearing race, usually caused by improper installation.

Spalling

Surface fatigue that occurs when chips, scales, or flakes of surface metal separate because of fatigue rather than wear.