______________ Are International Attempts to Stabilize and Increase the Prices

question 41

Multiple Choice

______________ are international attempts to stabilize and increase the prices and earnings of the primary exports of developing nations.

• A)Farm equalization committees
• B)Agricultural stabilization commissions
• C)Marketing boards
• D)International commodity agreements

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Definitions:

Upsloping

Describes a curve or line on a graph that shows an increase in value or quantity as it moves from left to right.

Flexible Exchange Market

Refers to a foreign exchange market where exchange rates are allowed to move due to market forces without intervention by country governments.

Equilibrium Quantity

The amount of goods supplied that is equal to the amount of goods demanded in a market, reached at the intersection of the supply and demand curves.

Demand Curve

A graph showing the relationship between the price of a good and the amount of the good that consumers are willing and able to purchase at that price.