Asked by Maria Amavizca on Jul 26, 2024
Verified
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.
Trade Barriers
Measures that governments or public authorities introduce to restrict or impede international trade and competition, such as tariffs, quotas, and regulations.
Comparative Advantage
The ability of an entity to produce a good or service at a lower opportunity cost than competitors, leading to more efficient international trade.
Capital Goods
Long-term assets acquired by businesses to create goods and services; these include machinery, tools, and buildings.
- Comprehend the obstacles impeding economic advancement in developing nations, such as trade restrictions and foreign debt.
Verified Answer
Learning Objectives
- Comprehend the obstacles impeding economic advancement in developing nations, such as trade restrictions and foreign debt.
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