1.Which of the following is NOT a characteristic of a developing country?

A. A high proportion of the labor force in agriculture

B. A high illiteracy rate

C. Low life expectancy

D. Low population growth rate

2. Dynamic benefits from industrial production include

A. A more trained labor force

B. More innovations

C. Higher and more stable export prices

D. All of the above

Table 1 year Price index of US. imports Price index of US. exports Volume of US. exports 1990 125 100 100 2000 100 75 120 3. According to Table 1, which of the following statement is true for the US. commodity terms of trade (N)? A) IN in 2000 is 133.3, which has improved from 1990. B) N in 2000 is 133.3, which has deteriorated from 1990. C) N in 2000 is 75, which has improved from 1990. D) N in 2000 is 75, which has deteriorated from 1990. Answer: Page: 295 4. According to Table 1, which of the following statement is true for the US. income terms of trade (I)? A) I in 2000 is 160, which has improved from 1990. B) I in 2000 is 160, which has deteriorated from 1990. C) I in 2000 is 90, which has improved from 1990. D) I in 2000 is 90, which has deteriorated from 1990