Author: Anonymous

________ is the value of goods and services that can be purchased with one unit of a country’s currency.  

Nations having the low-quality infrastructures and low personal incomes are called ________.  

The measures of a nation’s well-being other than the financial wealth accumulated through exports are irrelevant according to ________.  

Free trade ________.  

One of the key obstacles faced by countries in economic transition is the lack of managerial expertise.

An economic system based on public ownership fosters growth much better than an economy based on private ownership.

Which of the following is an instrument that governments use to provide export assistance?  

Political risk tends to be higher in developing countries compared to industrialized countries.

________ refers to the transfer of ownership of resources from the private to the public sector.  

Most of the world merchandise trade is composed of trade in ________.