Many developing countries have a static comparative advantage in the production of one or two ...

Many developing countries have a static comparative advantage in the production of one or two primary products. In what ways might specialization in these products contribute to growth and development? In what ways might this fail to contribute?

What will be an ideal response?

Question 2 - Developing-country governments were attracted to planning by the positive example of

a. Great Britain during the 1980s
b. The United States during the 1790s
c. Japan during the 1870s
d. The Soviet Union during the 1950s
e. all of the above

Question 3 - Suppose the rural wage is 1 per day. Urban modern sector employment can be obtained with 5 probability and pays 2 per day.

Will there be any rural-urban migration? Explain your reasoning, stating explicitly any simplifying assumptions, and show all work.

Question 4 - The number of units of developing country currency required to purchase a basket of goods and services in a developing country that costs one dollar in the U.S. is given by

a. GNI price deflator.
b. Human Development Index ranking.
c. purchasing power parity.
d. the exchange rate.

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Many developing countries have a static comparative advantage in the production of one or two ...

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