Which concept refers to the relative prices of goods a country imports and exports?
a. Balance of payments
b. Capital account
c. Foreign debt
d. Terms of trade
Question 2
The availability of investment funds for late developers may not be as critical an issue today as in the past because
a. late developers can produce on a larger scale, lowering costs.
b. late developers increasingly are able to rely on domestic savings for capital.
c. financial markets have been globalized making it easier for foreign investment.
d. agriculture is the primary industry of late developers.
Difficulties in applying the morphological species concept
Gasoline prices
Concept Map Template
Steady State in the Two-Country Model
Acid–Base Balance
Illustration of the concept of overlapping genes