Why Were Countries That Focused on the Production of Raw

question 26

Multiple Choice

Why were countries that focused on the production of raw materials or primary products like rubber,guano,or coffee at a disadvantage economically to those that industrialized?

• A) Non-industrialized countries were largely at the mercy of a constantly fluctuating market.
• B) Countries that produced mostly raw materials were more likely to lack adequate connections to world markets.
• C) Countries that produced primary products failed to keep up with education for their populations.
• D) Industrialized countries often refused to buy raw materials from these countries.

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Definitions:

Balance Sheet

A summary statement of a firm's assets, liabilities, and equity held by shareholders, reflecting its financial position at a specific moment.

Percentage Increase

Percentage increase is calculating the extent of growth in a value over time, expressed as a proportion of the original value.

Comparative Balance Sheet

A comparative balance sheet presents the financial position of a company at two or more different points in time, allowing for analysis of trends and changes in assets, liabilities, and equity.

Horizontal Analysis

A financial analysis technique that compares line items in financial statements over a series of periods to identify trends and growth patterns.