1. Which of the following is not a potential source of comparative advantage for

Question

1.

Which of the following is not a potential source of comparative advantage for China in the manufacturing sector?

Select one:

a. A large domestic market that can lead to scale economies

b. Abundant low wage, low skill workers

c. Coastal areas with good logistics for international trade

d. Abundant credit from China's government sector to set up manufacturing operations

3.

China's economic reforms have focused on

Select one:

a. reducing persistent inflation and current account deficits.

b. reducing exchange rate instability.

c. transitioning from socialism and toward private ownership.

d. privatizing state-owned enterprises and increasing efficiency.

4.

EU deepening refers to

Select one:

a. adding additional countries into the single currency area.

b. legislation that restricts the sovereignty of individual countries.

c. extending the boundaries of the EU to include new members.

d. activities that cause increased levels of integration in the national economies.

Explanation / Answer

a) "D"

Abundant credit is surely a great help for the entrepreneurs who are looking to set up manufacturing units but it doesn't result in the comparative advantage in the nation.

b) "C"

Transitioning from socialism toward private ownership.

c) "C"

There is a difference between EU and Eurozone. The first option is about Eurozone, the correct answer is "C".

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