Please solve the final answer for all following 8 multiple choice questions
1. The Future challenge of Food Security in the UAE relates to
O The increasing size of the UAE population and the resulting increasing demand for food
O How to improve domestic agricultural production
O The stability of global food trade system
O All of the above
O There will not be any food security challenge for UAE at all in the future
2. When a total real output or gross domestic product (GDP) of a country increases from year to year, we call this phenomena:
O Economic development
O Economic growth
O Both economic growth and economic development
O Population growth
3. Which situation of global agricultural and food trade system is not favorable for the UAE?
O The high domestic agricultural subsidy in the industrialized countries (like Europe, USA and Japan)
O Rising and fluctuating international price of food and agricultural products
O Tariff and non-tariff trade barriers on food and agricultural trade
O All of the above
O A and C
4. The exchange rate of Dirham to US dollar is fixed. Which one is the advantage of a Fixed Exchange Rate?
O It avoids the problems related to currency exchange rate fluctuations
O It provides economic stability and encourages investment
O It helps to keep inflation at low level
O All of the above
5. Open economies (countries that largely depend on international trade) tend to choose ________exchange rate system.
O Floating
O Fixed
O Both fixed and floating
6. An antitrade-biased economic growth is
O An export-expanding type of economic growth
O An import-replacing growth
O A Pro-trade biased growth
O None of the above Question
7. The use of robots in the heavy manufacturing industries is an example of
O Labor-saving technological change
O Capital-saving technological change
O Capital -intensive technological change
O Labor- intensive technological change
O A and C only
8. The international flow of factors of production refers to:
O The flow of goods and services due to trade
O Migration of skilled and unskilled workers (labor) between countries
O The flow of capital from country to country
O B and C
O None of the above
1. Option 4. All of the above
Explanation: All these factors can create food security challenge in the UAE.
2. Option 2. Economic growth
Explanation: When economic growth takes place, the real GDP increases from year to year.
3. Option 4. All of the above
Explanation: All the given developments would not be favourable to the UAE.
4. Option 4. All of the above
Explanation: All the given options are the benefits of a fixed exchange rate.
Please solve the final answer for all following 8 multiple choice questions 1. The Future challenge...
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