« previous next »

Author Question: What are the terms of trade? What factors lead them to change over time? What will be an ideal ... (Read 85 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?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

If all the neurons in the human body were lined up, they would stretch more than 600 miles.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

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).

Changes in Earth's atmospheric carbon dioxide levels over geological time. Changes in Earth's atmospheric carbon dioxide levels over geological time.
Frequently Used Computer Terms Frequently Used Computer Terms
Sterilization Time Requirements Sterilization Time Requirements
Sterilization Time Requirements Cont Sterilization Time Requirements Cont
Ancient Climate Change Ancient Climate Change
Time-of-entry mapping Time-of-entry mapping
Video: How does an animal choose what food to eat?

For a complete list of videos, visit our video library