Question

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

Answer 1

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.