Which of the following is NOT an outcome of import substitution policy for South Africa in the long - run? Can the outcomes be different in the short and the long - run? Justify your answer using the Prebish - Singer hypothesis. a) Increased economic growth b) Reduced reliance on imports c) Export Promotion, exporting more primary commodities d) Improved trade balance
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Which of the following is NOT an outcome of import substitution policy for South Africa in the long - run? Can the outcomes be different in the short and the long - run? Justify your answer using the Prebish - Singer hypothesis. a) Increased
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- Is export promotion a same policy to that of import substitution? Which is better import substitution or export promotion? What are the advantages and disadvantages of import substitution? What are the advantages of export promotion?Which of the following was a positive side-effect of Latin America’s import substitution industrialization policies? Select one: a. the growth of transportation and infrastructure facilities b. Balanced fiscal budgets for Latin American governments c. Lower prices of industrial goods for Latin American citizens d. Declining food supplies and agroexport productionChoose the three main industries that demanded high numbers of cheap labor in the US, thereby relying on Mexican immigrants. -Railroad maintenance -Translators -Agriculture -Construction of roads -Construction of homes -Livestock -Mining
- (This is a complete question) Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Explain import substitution industrialization and how it can affect Ghana. What role does learning by doing play, and when does it make sense for the government to interfere?Using the Heckscher-Ohlin model with two countries, trade will A increase the skilled-unskilled wage gap in the skill abundant country and decrease it in the other country B decrease the skilled-unskilled wage gap in the skill abundant country and increase it in the other country C increase the skilled-unskilled wage gap in both countries D decrease the skilled-unskilled wage gap in both countries E not change the skilled-unskilled wage gap at in at least one countryPlease answer part b: *** specialization point****
- In the specific factor model, with free trade the relative price of imported goods cannot be _____ than in autarky.Ghana’s government wants to shift from agriculture to manufacturing. To do so, the government plans to implement a policy of import substitution industrialization (ISI). About half of Ghana’s population depends on agriculture, but Ghana still imports some of its food. The majority of Ghana's people live in rural areas and exist on a subsistence way of life. Ghana has one of the highest rates of income inequality in the world. Nearly half of the population is employed in agriculture. Ghana’s president’s ISI strategy is to ask Switzerland to adopt a voluntary export restraint (VER). He believes that this is likely to increase Ghanaian welfare. Using two diagrams (one for each country) explain the Ghanaian welfare consequences of this policy.According to GATT, regional trade agreements: Cannot be formed Can be formed only as free-trade areas and not as customs unions Can be formed even if the duties with outside parties are more restrictive than prior to the formation Can be formed if the duties with outside parties are not more restrictive than prior to the formation
- Suppose the transferability of skills from an origin to a destination increase. What is likely to happen to immigrants' wages relative to natives' wages in the destination? what do you think will happen to immigrants' skill acquisition in the destination, and why?Explain what is meant by economic-social dualism and what are the policy implications of the condition of socio-economic dualism that still marks the transforming Indonesian economy.Policies that provide subsidies to domestic producers to encourage the production of goods for domestic market and reduce the quantity of imports are called import substitution policies. Select one: True False