Answer:
Prices are often volatile due to inelastic demand. e.g if there is a ‘good harvest’, supply will increase and there will be a fall in the price of primary products. However, because demand is inelastic, this would lead to a fall in revenue.
coffee-supply-price-growers
The volatile price of coffee – can make planning difficult.
Supply can also be volatile due to weather and disease. For agricultural crops, there is always a risk of crop failure, which could cause economic hardship in one particular year.
Limited resources. One day developing economies may run out of its finite primary products, e.g. precious metals could become scarce. Without diversification, this would leave the economy with a void.
Discourages investment in other aspects of the economy. Concentrating on primary products does not always help the long-term development of an economy because it can contribute towards a lack of investment in other aspects such as education and industrial production. Comparative advantage can change over time. It’s important to not just look at the present comparative advantage, but prospects for next 10 or 20 years.
There is a low-income elasticity of demand for primary products. With a rise in global income, there is a proportionately smaller percentage rise in demand for primary products. (agricultural products tend to be income inelastic). Therefore, if you produce primary products, you may see lower rates of economic growth than countries who produce manufacturing goods – which are more income elastic. The Prebisch-Singer hypothesis suggests that countries who concentrate on primary products are vulnerable to a declining terms of trade.
There are 5 points
Hope it helps!!!
Answer:
d. dependent variable
Explanation:
In research, the independent variable is the variable that can be manipulated by the researchers and which will have an effect on another variable that is called the dependent variable. (Therefore, the variable in which the affect is perceived is called the dependent variable).
The researchers don't really have control over the dependent variable but it is the one that it's being tested and see how it responds to the independent variable.
In this example, the researchers want to see if depression has an effect on the negative emotions being remembered. We can see that they want to see if depression will have this effect. Therefore, since <u>depression might affect </u>the remembering of negative emotions, the negative emotions would be the dependent variable.
Answer:
know the person really well
Explanation:
Answer:
Shudras was the lowest cast system.
The correct answer is Quorum.
Hope that helps!
-Chris
