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☆☆☆☆☆Cards in this guide (8)
The government can prevent the shortages that accompany price ceilings by doing what
Rationing
What is the main difference between developed countries and developing countries
The income level and standard of living
How do developed countries maintain an advantage over developing countries in international trade
They maintain high tariffs on the agricultural goods that many developing countries export.
How might a country respond to a trade embargo
It could pursue a policy of national self-sufficiency.
What is one negative effect of current patterns in global trade
Job loss and wage decreases in developed countries.
If developing countries have weak domestic industries they do not benefit from what
Free-trade policies
Why don't developing countries usally benefit from free trade policies
Many developing countries do not benefit from free trade policies, because their industries are to weak to compete in the international market.
What is largest difference between developed and developing countries
the level of wealth
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