Multiple Choice
A key factor underlying the instability of primary product prices and export receipts of developing nations is the
A) low price elasticity of the demand of primary products.
B) high price elasticity of the supply of primary products.
C) high price elasticity of the demand of primary products.
D) high price elasticity of the demand and supply of primary products.
Correct Answer:
Verified
Correct Answer:
Verified
Q14: Which nation accounts for the largest amount
Q15: During the late 1980s and early 1990s,
Q16: A sweatshop is a factory that has
Q17: Figure 7.3. World Oil Market <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7110/.jpg"
Q18: The majority of developing-nation exports are primary
Q20: The replacement of imports of one nation
Q21: A widely used indicator to differentiate developed
Q22: Empirical research indicates that the demand and
Q23: It is widely agreed that import-substitution policies
Q24: The development of countries like South Korea