MCQOPTIONS
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| 1. |
Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ? |
| A. | I and III only |
| B. | II and III only |
| C. | I, II and III only |
| D. | I, II , III only IV |
| Answer» E. | |