Which one of the following has NOT been offered as a possible reason for instability in...
Which one of the following has NOT been offered as a possible reason for instability in exports of less developed countries?
Select one:
1. high degree of commodity concentration of exports
2. low export demand elasticity coupled with shifting the export supply curve
3. low export supply elasticity-coupled with shifting the export demand curve
4. high export supply elasticity coupled with shifting the export supply curve
Homework Answers
Answer - Option 1
High degree of commodity concentration of exports
This is because , from the lesser developed countries , the concentration of the goods is very less. They are not able to export enough to generate the revenue for their development.
All other are the valid reasons.
Add Answer to:
Which one of the following has NOT been offered as a possible
reason for instability in...
In the 1970s, there was serious concern about the instability of commodity prices. One of the...
In the 1970s, there was serious concern about the instability of commodity prices. One of the planks of the then-fashionable New International Economic Order was that efforts should be made to stabilize the prices of goods. Consider the following scheme: When the price of rubber is low, an international rubber marketing board (IRMB) would buy up rubber at some reference price and store it; when the price of rubber is above the reference price, the IRMB would sell rubber from...
. Suppose that an offer curve diagram has developed countries exports on one axis and developing...
. Suppose that an offer curve diagram has developed countries exports on one axis and developing countries' exports on the other axis. Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in demand for developing countries goods by developed countries combined with relatively rapid growth in demand by developing countries for developed countries' goods. 8. In the past, the members of OPEC have been able to raise the relative price...
Which one(s) did i answer incorectly? Which one(s) did i answer incorectly? Identify whether the following...
Which one(s) did i answer incorectly?
Which one(s) did i answer incorectly? Identify whether the following statements about the economics of taxes are true or false by dragging anddropping the relevant into the bins provided.The incidence of a tax is determined by which group (buyers or sellers) must write the Falsecheck to the government.When the price elasticity of demand is low and the price elasticity of supply is high, the Falseburden of a tax falls mainly on producers.The effect of...
1. Which of the following statements is true? a. If the price elasticity of demand for...
1. Which of the following statements is true? a. If the price elasticity of demand for exports plus the price elasticity of demand for imports is greater than 1, a depreciation in a currency will improve the current account on the balance of payments b. If the price elasticity of demand for exports plus the price elasticity of demand for imports is equal to 1, a depreciation in a currency will improve the current account on the balance of payments...
Which of the following is NOT a reason that cartels tend to fail? Select one: O...
Which of the following is NOT a reason that cartels tend to fail? Select one: O a. Cartel members have an incentive to cheat on the agreement b. Cartel members may have different costs of production c. Cartel profits may attract entry into the industry O d. Cartel members generally face a low price elasticity of demand
21. Which of the following is one reason for the existence of policy lags? a. Government experts...
21. Which of the following is one reason for the existence of policy lags? a. Government experts are slow in figuring out what is going on. b. Households and firms plan their spending in advance and therefore are slow in responding to changes in interest rates. c. It is impossible to build an accurate model of the economy. d. It is difficult for the Bank of Canada to change the bank rate. 22. What does the time inconsistency of policy imply? a....
*Both curves have not been adjusted, they are in the state that the question gave me.*...
*Both curves have not been adjusted, they are in the state that
the question gave me.*
Updated Demand Curves:
2. Unstable export markets Sometimes the exports of developing nations are concentrated in only one or a few primary products. For example, according to World Bank data, tobacco constitutes 50% of Malawi's total exports Therefore, changes in demand or supply of tobacco can ha esign ficant effects on the health of Malawi's economy The current world price of tobacco is $5.00...
Question 48 The exchange rate of US Dollar to Euro yesterday, May 8 was $1/€0.89222. The...
Question 48 The exchange rate of US Dollar to Euro yesterday, May 8 was $1/€0.89222. The exchange rate two months ago on March 8 was $1/€0.89301. Which one is true about the change over the two moths? a) Dollar is appreciated b) Both currencies are appreciated c) Euro is appreciated d) Dollar is depreciated e) c and d Question 46 Why does a ‘black market’ of foreign exchange occur in many countries, especially in the low-income developing countries? a) Due...
sometimes the exports of developing nations are concentrated in only one or few primary products. for...
sometimes the exports of developing nations are concentrated in
only one or few primary products. for example world bank data,
tobacco consists 50% of Malawi's total exports. Therefore, changes
in demand or supply of tobacco can have significant effects on the
health of Malawi's economy
The current world price of tobacco is $5.00 per pound, but
there is uncertainty about the shape of the demand and supply
curves. Tbe following graphs (scenario A and Scenario B) show two
possiblilities for...
12. Consider the following graph which shows the market for laptops. Give one possible scenario such...
12. Consider the following graph which shows the market for laptops. Give one possible scenario such that demand curve shifts from D to Dz. P 0 13. How much is the price elasticity of supply if the supply curve is vertical? 14. Consider the demand for good E. If the number of substitutes for good E decreases, will the demand become more elastic? 15. Refer to the accompanying table, calculate the price elasticity of demand for erasers if the price...
. Suppose that an offer curve diagram has developed countries exports on one axis and developing countries' exports on the other axis. Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in demand for developing countries goods by developed countries combined with relatively rapid growth in demand by developing countries for developed countries' goods. 8. In the past, the members of OPEC have been able to raise the relative price...
Which one(s) did i answer incorectly?
Which one(s) did i answer incorectly? Identify whether the following statements about the economics of taxes are true or false by dragging anddropping the relevant into the bins provided.The incidence of a tax is determined by which group (buyers or sellers) must write the Falsecheck to the government.When the price elasticity of demand is low and the price elasticity of supply is high, the Falseburden of a tax falls mainly on producers.The effect of...
Which of the following is NOT a reason that cartels tend to fail? Select one: O a. Cartel members have an incentive to cheat on the agreement b. Cartel members may have different costs of production c. Cartel profits may attract entry into the industry O d. Cartel members generally face a low price elasticity of demand
*Both curves have not been adjusted, they are in the state that
the question gave me.*
Updated Demand Curves:
2. Unstable export markets Sometimes the exports of developing nations are concentrated in only one or a few primary products. For example, according to World Bank data, tobacco constitutes 50% of Malawi's total exports Therefore, changes in demand or supply of tobacco can ha esign ficant effects on the health of Malawi's economy The current world price of tobacco is $5.00...
sometimes the exports of developing nations are concentrated in
only one or few primary products. for example world bank data,
tobacco consists 50% of Malawi's total exports. Therefore, changes
in demand or supply of tobacco can have significant effects on the
health of Malawi's economy
The current world price of tobacco is $5.00 per pound, but
there is uncertainty about the shape of the demand and supply
curves. Tbe following graphs (scenario A and Scenario B) show two
possiblilities for...
12. Consider the following graph which shows the market for laptops. Give one possible scenario such that demand curve shifts from D to Dz. P 0 13. How much is the price elasticity of supply if the supply curve is vertical? 14. Consider the demand for good E. If the number of substitutes for good E decreases, will the demand become more elastic? 15. Refer to the accompanying table, calculate the price elasticity of demand for erasers if the price...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 11 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 11 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 11 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 11 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 11 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 11 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 11 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 11 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 11 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 11 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 11 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 11 months ago