Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?
Correct answer: D. tariff-rates quotas
- A. multilateral contracts
- B. production and export controls
- C. buffer stock arrangements
- D. tariff-rates quotas
Explanation
Multilateral contracts, production or export controls, and buffer stocks have all been used to reduce export-price instability. Tariff-rate quotas mainly regulate import access and are not a standard method for stabilising developing countries’ export markets.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
Because supply and demand conditions for primary products are very price inelastic their prices ?
Import substitution is an example of ?
Export-led growth strategies tend to emphasize ?
The ability of the Organization of Petroleum Exporting Countries (OPEC) to maximize profits is hampered by ?
Hong Kong and South Korea are examples of developing nations that have recently pursued ________ industrialization policies?
For the oil-importing countries, the increase in oil prices in 1970s and early 2000s contributed to all of the following except ?