For Developing Countries, a Key Factor Underlying the Instability of Primary-Product

question 76

True/False

For developing countries, a key factor underlying the instability of primary-product prices and export receipts is the high price elasticity of demand for products such as tin and copper.

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Definitions:

Ethical Decision-making

The procedure of scrutinizing and opting for choices in conformity with principles of ethics.

Inhumane Working Conditions

Refers to poor and unacceptable workplace environments that violate basic human rights, often entailing excessive hours, lack of safety, and abusive treatment.

Subsistence Wages

The minimum income necessary for a worker to meet basic needs, often barely enough to survive.

Sweatshops

Workplaces, often in the garment industry, that have very poor, socially unacceptable working conditions, including low wages and long hours.