POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Country X does not have the resources to produce many types of industrial goods, so it trades with other countries. It has a lot of high-quality farmland, so agricultural consumes fewer resources than it would in other countries. To encourage economic growth, Country X’s government provides tax incentives to farmers who invest in new equipment or purchase additional farmland. The text is describing which one of the answer choices?
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investment in human capital
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economic specialization
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a command economy
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barriers to trade
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Explanation:
Detailed explanation-1: -India is an agriculturally important country. Two-thirds of its population is engaged in agricultural activities. Agriculture is a primary activity, which produces most of the food that we consume.
Detailed explanation-2: -China, therefore, has a comparative advantage in producing rice.
Detailed explanation-3: -The projections show that feeding a world population of 9.1 billion people in 2050 would require raising overall food production by some 70 percent between 2005/07 and 2050. Production in the developing countries would need to almost double.
There is 1 question to complete.