The formation of a free trade area among the countries of Eastern Europe is advOcated in order to:

According to traditional trade theory, a developing nation should export the comm odity:

Which of the following is false with respect to traditional trade theory?

According to Nurkse, international trade was an engine of growth for:

Trade cannot be an engine of growth for today ’s developing nations because:

If the price of a nation ’s exports and imports both rise, the nation ’s commodity terms of trade:

The nation ’s commodity terms of trade times the productivity index in its export se ctor gives the nation ’s:

When a nation ’s commodity terms of trade deteriorate and its single factoral terms of trade improve, the nation ’s welfare:

Developing nations often experience wildly fluctuating export prices for their primar y products because of:

MacBean found that the export instability faced by developing nations was:

Supporting the price of a commodity by buying it when its price is low is:

The policy of import substitution was most vigorously followed by:

What is the advantage of a policy of import substitution?

Which are is not an advantage of export-oriented industrialization?

Those nations that liberalized trade during the past decade