Diversification helps countries to hedge against adverse terms of trade shocks by stabilizing export revenues. ... Thus through export diversification, an economy can progress towards the production and exportation of sophisticated products which may highly contributes towards economic development.
May I please have brainliest?
Don’t delete your question?
Answer:
The First Continental Congress, Hope this helps! PLEASE GIVE ME BRAINLIEST!!!!! =)
Yes, this is correct.
Crucially, this is only the case if everything else stays equal: so if the quality of the product stays the same and if the income of the buyers doesn't decrease.
Then with a lower prize, more items will be purchased - and less if the prize increases.
The Columbian Exchange is the exchange of food, plants, animals and diseases between the Native Americans and Europeans. ... The Americas brought gold, silver, corn, potatoes, pineapples, tomatoes, tobacco, beans, vanilla, chocolate and Syphilis to Europe.
