Because supply and demand conditions for primary products are very price inelastic their prices ?

Trade Policies For the Developing Nations 03/01/2021

A. have been steadily rising in recent decades
B. have been more stable than the prices of manufactured goods
C. fluctuate about as much as the prices of manufactured goods
D. tend to be very unstable from year to year

Related Mcqs:

    Most of developing-country exports consist of ?
    A. primary products such as tin and bauxite B. intermediate products C. labor-intensive agricultural products D. labor-intensive manufacturing products...
    Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?
    A. higher than B. equal to C. lower than D. there is no general pattern...
    The Generalized System of Preferences (GSP) program allows ?
    A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...
    _________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?
    A. absolute advantage B. comparative advantage C. export-led growth D. import substitution...
    Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?
    A. relatively greater then B. relatively less than C. the same as D. any of the above...

Leave a Reply

Your email address will not be published. Required fields are marked *