In Developing Countries, Why Do the Prices of Primary Products

question 39

Multiple Choice

In developing countries, why do the prices of primary products fluctuate more widely than do the prices of finished goods?  

• A) because crop supply changes very little despite the weather 
• B) because crop supply fluctuates with the weather 
• C) because crop demand fluctuates with the weather 
• D) because crops go in and out of fashion as new diets are developed

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Definitions:

Normal Distribution

A bell-shaped curve that represents the distribution of many types of data where most values cluster around a central mean.

X-axis

The horizontal axis in a coordinate system, typically used to represent the independent variable in a graph.

Median

The middle value in a sorted list of numbers, effectively dividing the dataset into two halves.

Normally Distributed

Describes a probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence.