Developing Countries Might Be Unable to Respond Smoothly to Changing

question 28

Multiple Choice

Developing countries might be unable to respond smoothly to changing international price signals because of

• A)a lack of government regulation.
• B)an abundance of skilled labor.
• C)inelastic supply curves.
• D)limited foreign exchange.

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Standard Score

A score that has been transformed to fit a given mean and standard deviation, facilitating the comparison across different tests or assessment measures.

Internal Consistency Reliability

A measure of the extent to which items on a test measure the same construct or characteristic.

Ratio Scale

A scale of measurement that has a meaningful zero point and equal intervals and thus can be manipulated by all mathematical principles.

Mathematical Principles

Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning in mathematics.