Asked by TRINH NGUYEN PHUONG on Jun 16, 2024
Verified
A problem for developing countries is that the prices of primary products fluctuate more widely than the prices of finished goods because:
A) crop supply changes very little despite the weather.
B) crop supply fluctuates with the weather.
C) weather never varies.
D) the demand for primary products fluctuates as new diets are developed.
E) the demand for primary products fluctuates with the weather.
Primary Products
Goods that are available from cultivating raw materials without a manufacturing process.
Crop Supply
Crop supply denotes the total quantity of agricultural crops that are available in the market during a specific period.
Weather Fluctuations
Variations in weather conditions that can affect economic activities, such as agriculture and energy consumption.
- Study the association between natural resources and the development of economies.
Verified Answer
NJ
Navjit JosanJun 23, 2024
Final Answer :
B
Explanation :
The prices of primary products fluctuate more widely than the prices of finished goods because the supply of primary products, such as crops, fluctuates with the weather. This can cause significant variation in prices and make it difficult for developing countries to plan and budget effectively for their economies.
Learning Objectives
- Study the association between natural resources and the development of economies.
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