The International Economy And Globalization
PPSCFPSCNTSPakistan govt jobs
- Subject
- The International Economy And Globalizationeconomics-mcqs › the-international-economy-and-globalization
- Published
- 27 May 2019
- Last updated
- 28 May 2026
Browse all The International Economy And Globalization MCQs →
Why are Least Developed Countries (LDCs) hesitant to promote development by exporting primary commodities?
Multiple choice question for The International Economy And Globalization. Select an option, then review the explanation below.
Explanation
LDCs are reluctant to rely on primary product exports for development because these commodities often experience a downward trend in prices and significant volatility in their real values, making export earnings unpredictable and risky.
More The International Economy And Globalization MCQs
Practice related questions from the same subject.
- 1.In which type of goods do Less Developed Countries (LDCs) typically hold a comparative advantage?
- 2.Why did output decline drastically in the economies undergoing transition?
- 3.When products are sold abroad at prices below the marginal cost of production and the marginal benefit to local consumers, which policy is most likely supporting this situation?
- 4.How do tariffs affect the production levels of domestic companies and the consumption habits of consumers?
- 5.The equilibrium exchange rate adjusts to neutralize disparities in which of the following international economic factors?