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Author Question: Provide a concise statement about the relationship between a developing country's emphasis on the ... (Read 219 times)

nummyann

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on: Jun 30, 2018
Provide a concise statement about the relationship between a developing country's emphasis on the export of traditional commodities and:
 
  (a) export earnings stability; (b) comparative advantage;
  (c) terms of trade.

Question 2

Which of the following is not an upper-middle income country?
 
  a. Brazil
  b. South Africa
  c. Pakistan
  d. Argentina


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britb2u

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Reply #1 on: Jun 30, 2018
Answer to Question 1

(a) Traditional commodities may tend to experience greater price fluctuations; (b) less developed countries tend to have a comparative advantage in traditional commodities;
(c) terms of trade for traditional commodities may tend to fall over time according to the Prebisch-Singer thesis.

Answer to Question 2

C


nummyann

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

Missbam101

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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