Sometimes Developing Countries That Export Simple Commodities but Are Trying

question 95

Multiple Choice

Sometimes developing countries that export simple commodities but are trying to industrialize need to import growing and costlier manufactured goods and technologies, which rise in value faster than commodities. This is known as ___________________.

• A) declining terms of trade
• B) income volatility
• C) income elasticity of demand
• D) purchasing power parity
• E) stop-and-go patterns

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Definitions:

Bony Labyrinth

Part of the inner ear; contains the membranous labyrinth that forms the cochlea, vestibule, and semicircular canals.

Vestibule

An entrance or enclosed antechamber to a larger space or structure, like the entrance to the inner ear or to a building.

Cochlear Duct

A spiral-shaped cavity within the cochlea of the inner ear, playing a critical role in converting sound vibrations into neural signals.

Oval Window

The membrane-covered opening between the middle ear and the inner ear, transmitting sound vibrations to the cochlea.