Import Restriction in Advanced Economies Deny Developing Economies Access to the Food

question 241

Multiple Choice

Import restriction in advanced economies deny developing economies access to the food market of the advanced economies.The result is ________ price and ________ farm production in the developing economies.

• A) lower; larger
• B) lower; smaller
• C) higher; smaller
• D) higher; larger
• E) stable; smaller

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Definitions:

Semiannual Premiums

Insurance payments made twice a year as part of an insurance policy's terms.

Life Policy

An insurance contract that pays a beneficiary upon the death of the insured, or after a certain period.

Quarterly Premiums

Payments made every three months for insurance policies or other agreements requiring regular fees.

Annual Premium

The amount of money that must be paid once a year to maintain an insurance policy or similar financial product.