7. Developing countries need to trade with developed countries because: a. devel

Question

7. Developing countries need to trade with developed countries because: a. developing countries export capital to developed countries and increase their foreign exchange reserve. b. developing countries need technology and capital to increase productivity on farms, in factories, office, and in homes. c. developing countries lack unskilled labor which they get from developed countries. d. developing countries need the primary products that the developed countries export. e. developing countries need to adopt the advanced ways of living of the developed countries.

8. Developing countries consist of: a. both low-income and middle-income countries. b. only middle-income countries. c. both industrial and middle-income countries. d. only low-income countries. e. all industrial countries.

9. Some recipient governments sold the food they received from the U.S. Food for Peace program to _____. a. finance the import of industrial finished products b. finance their import of software services c. finance poorly conceived projects d. finance their defense expenses e. earn more foreign exchange

10. Labor productivity depends on: a. the proportion of the labor force that is unionized. b. the risks taken by an entrepreneur. c. the effectiveness of government. d. the size of the economy. e. the amount of natural resources.

11. In the 1950s, the United States began the Food for Peace program that resulted in _____. a. the sale of U.S. farm products abroad b. the sale of U.S. industrial products abroad c. a rise in contribution by the agricultural sector to the gross domestic product of the U.S. d. the sale of farm products from Africa in the U.S. e. the sale of U.S. software services in foreign countries

Explanation / Answer

Answer for 8 is Option A

Developing countries consist of low income , middle income and some times high income countries

Answer for 7 is Option B

Answer for 9 is Option C

Some recipient governments sold the food they received from the U.S. Food for Peace program to finance poorly conceived projects

Answer for 11 is Option A

the sale of US farm products abroad

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