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Why are the terms of trade deteriorating for Less Developed Countries?
Problem: The substantial decline within real commodity prices and the deterioration into the terms of trade has been a main factor into worsening the trade into goods of several developing countries
• The price elasticity of demand (PED) for agricultural goods counting cash crops as coffee is price inelastic. When LDCs rises the supply price falls through a larger percentage.
• Furthermore the income elasticity of demand (YED) for the agricultural products is some low. World income grows the demand for agriculture rises through a smaller amount.
what is the ethics of command economics?
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Consider the following information in the international money markets: Spot rate : $0.95:€ Forward rate (one year) :
Is an unequal distribution of income and wealth a problem? Explain in short. Yes: because specified no government intervention, which on very low incomes cannot afford necessar
explain the role scarcity of resources plays in economic decision making
Your student union has decided to support a local charity by fund-raising on a Rag Day to be held in the town. Key events include a fancy dress relay race with teams sponsored by l
How can external trade promote economic development and growth? International trade permits increased specialisation than higher output permits economies of scale. • A big m
Problem 1 Describe the methods of environmental analysis-SWOT, PEST. Strength, Weakness, Opportunity, Threat Political, Economic, Social, Technological Environment
Procedure for export under deferred paymet
Why is the growth rate and significant for development? The rate of economic development is the percentage increase within real GDP over twelve months. • The higher rate of
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