« previous next »

Author Question: What are the terms of trade? What factors lead them to change over time? What will be an ideal ... (Read 53 times)

fasfsadfdsfa

  • Hero Member
  • *****
  • Posts: 554
on: Jun 30, 2018
What are the terms of trade? What factors lead them to change over time?
 
  What will be an ideal response?

Question 2

How is poverty measured? What is the extent of poverty in the developing world?
 
  What will be an ideal response?


gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

The ratio of the price of a country's exports to that of its imports both in index form. Changes in the pattern of relative demand as income or tastes change in various parts of the world, and changes in supply, such as those brought about by technological progress. Discussed in detail in the chapter.

Answer to Question 2

The concept of absolute poverty is discussed in the text and the progression of absolute poverty in the developing world is shown in Figure 2.6 . If the concept of relative poverty was discussed in the lectures, instructors may look for that distinction in the answer.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

When Gabriel Fahrenheit invented the first mercury thermometer, he called "zero degrees" the lowest temperature he was able to attain with a mixture of ice and salt. For the upper point of his scale, he used 96°, which he measured as normal human body temperature (we know it to be 98.6° today because of more accurate thermometers).

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

For pediatric patients, intravenous fluids are the most commonly cited products involved in medication errors that are reported to the USP.

Did you know?

The Food and Drug Administration has approved Risperdal, an adult antipsychotic drug, for the symptomatic treatment of irritability in children and adolescents with autism. The approval is the first for the use of a drug to treat behaviors associated with autism in children. These behaviors are included under the general heading of irritability and include aggression, deliberate self-injury, and temper tantrums.

Did you know?

Most childhood vaccines are 90–99% effective in preventing disease. Side effects are rarely serious.

Actions of regulatory transcription factors and small effector molecules Actions of regulatory transcription factors and small effector molecules
The second half of life brings a change from outward to inward concerns and from physical to ... The second half of life brings a change from outward to inward concerns and from physical to ...
Compressibility factors of gases and vapors. Compressibility factors of gases and vapors.
Meteorological Factors Affecting Air Pollution Meteorological Factors Affecting Air Pollution
Milankovitch cycles interact over time Milankovitch cycles interact over time
Formation of a DNA loop allows factors that bind to an enhancer or silencer Formation of a DNA loop allows factors that bind to an enhancer or silencer
Video: Vasectomy

For a complete list of videos, visit our video library