RESEARCH METHODOLOGY

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INTRODUCTION

NATURE OF RESEARCH

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Through research, many countries are capable to export food products. This helps the continuing increase in exportation aspect of the economy.
A
Improves the quality of life.
B
Satisfies man’s needs.
C
Reduces the burden of work.
D
Improves the exportation of products.
Explanation: 

Detailed explanation-1: -Exports facilitate international trade and stimulate domestic economic activity by creating employment, production, and revenues. Companies that export are typically exposed to a higher degree of financial risk.

Detailed explanation-2: -The strong growth in exports from developing countries has, to a large extent, been due to the steady reduction of global tariffs as barriers to trade. On average, world tariffs have declined from 11 per cent in 2000 to 7 per cent in 2006 (see Figure 1).

Detailed explanation-3: -Exports are a component of aggregate demand (AD). Rising exports will help increase AD and cause higher economic growth. Growth in exports can also have a knock on effect to related ‘service industries.

Detailed explanation-4: -This is the law of comparative advantage: countries gain when they produce items that they are most efficient at producing and are at the lowest opportunity cost.

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