Answer:
Boris Johnson became Prime Minister on 24 July 2019.
Some Native American tribes thought by making a partnership with the settlers that they would be able to trade goods with the settlers and bring peace among the colonists and themselves. A short time of peace was brought among them, before fighting broke out.
Answer:
analysis paralysis
Explanation:
Analysis paralysis: The term "analysis paralysis" is also referred as "paralysis by analysis" and is described as a process in which an individual or a group of people tends to overthink or overanalyze a particular situation that can cause or leads to "forward motion" or the decision-making process becomes 'paralyzed' i.e, no course of action or solution is being decided upon.
In the question above, Kenneth is most likely experiencing the phenomenon known as 'analysis paralysis'.
Answer:15
Explanation: you can add 5 three times and u get 15
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!!!
