Briefly, what are the major causes of export earnings instability for developing countries?
What will be an ideal response?
Low price and income elasticities of demand leading to erratic movements in export prices.
Economics
You might also like to view...
Refer to Table 4-7. If a minimum wage of $11.50 is mandated there will be a
A) shortage of 40,000 units of labor. B) surplus of 20,000 units of labor. C) surplus of 40,000 units of labor. D) shortage of 20,000 units of labor.
Economics
On which of the following government spending projects would the crowding out effect most likely be the greatest?
A) government spending on farm subsidies B) government spending on improvements in infrastructure C) government spending on research and development D) government spending on education
Economics