Question

Question 311 pts

When a country exports raw goods at a low price, and imports refined goods at a high price, this is known as:

Group of answer choices

Vertical trade.

Export commodity concentration.

Dual economy.

Trade partner concentration.

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Question 321 pts

Saudi Arabia's economy suffers significantly when the price of oil crashes on the world market. This is an example of

Group of answer choices

A dual economy

Export commodity concentration

Economies of scale

Trade partner concentration

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Question 331 pts

Based on local input, a non-governmental organization helps a community build a simple irrigation ditch to double local crop production. This is an example of:

Group of answer choices

Liberal economics.

Dependency theory.

Participatory development.

None of the above.

Answer 1

Q-31 :: ANSWER :: Vertical Trade

=> Explanation ::

When a country exports raw goods at a low price, and imports refined goods at a high price, this is known as Vertical Trade. So In Country Imported Goods Become Costly Because They Are Refined Goods.

Q-32 :: ANSWER :: (B)Export commodity concentration

=> Explanation ::

  Saudi Arabia's economy suffers significantly when the price of oil crashes on the world market. This is an example of Export Commodity Concentration

Q-33 :: ANSWER :: (C)Participatory development.

=> Explanation ::

Based on local input, a non-governmental organization helps a community build a simple irrigation ditch to double local crop production. This is an example of Participatory Development.