« previous next »

Author Question: Explain the reasons for export pessimism in Latin American countries. What will be an ideal ... (Read 116 times)

segrsyd

  • Hero Member
  • *****
  • Posts: 530
on: Jun 30, 2018
Explain the reasons for export pessimism in Latin American countries.
 
  What will be an ideal response?

Question 2

The U.S. current account deficit improved slightly from 2007 to 2010 because
 
  A) spending on imports fell due to an overall fall in consumption.
  B) state, local, and federal government budget deficits increased.
  C) worldwide economic growth spurred U.S. exports.
  D) capital controls restricted capital inflow.


LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jun 30, 2018
Answer to Question 1

Export pessimism refers to the idea that the relative price of primary commodities will fall over time. Economic theory holds that as incomes rise, people spend a smaller share of their overall income on foodstuffs and other raw-material-based goods such as textiles and apparel, and they spend more on manufactured items. Consequently, the demand for raw materials declines in relation to the demand for manufactured goods.

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Pubic lice (crabs) are usually spread through sexual contact. You cannot catch them by using a public toilet.

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?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

Disorders that may affect pharmacodynamics include genetic mutations, malnutrition, thyrotoxicosis, myasthenia gravis, Parkinson's disease, and certain forms of insulin-resistant diabetes mellitus.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal The American Lion was one of the abundant Pleistocene megafauna, a wide variety of very large mammal
American geriatrics society clinical guideline American geriatrics society clinical guideline
A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli A farmer with a pitchfork, wearing a hat identifying him as a Granger, warns of an oncoming “Consoli
A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a A sidewheeler on the Mississippi. In 1856 Samuel Clemens became an apprentice to a steamboat pilot a
Spanish-American War: Caribbean Theater, 1898 Spanish-American War: Caribbean Theater, 1898
Explain the myogenic autoregulation of the glomerular filtration rate Explain the myogenic autoregulation of the glomerular filtration rate
Video: Introduction to Spirometry

For a complete list of videos, visit our video library