Which of the Following Is Not a Major Factor That

question 169

Multiple Choice

Which of the following is not a major factor that encourages developing nations to form international commodity agreements?

• A) Inelastic commodity supply schedules
• B) Inelastic commodity demand schedules
• C) Export markets that tend to be unstable
• D) Secular increases in their terms of trade

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Definitions:

Achieved Status

A social position that a person earns or chooses based on their actions, efforts, and skills, contrasted with ascribed status which is born into.

Material Wealth

The abundance of physical, tangible assets and resources owned by an individual or collective, often used as a measure of economic success or standard of living.

Social Class

A division of a society based on social and economic status, affecting people's lifestyles, attitudes, and behaviors.

Occupation

Refers to one's profession or type of job, often characterized by a specific skill set or training.