Countries that depend mainly on the export of primary products for their income, are prone to -

Related MCQs

• When a group of countries have removed all tariffs quotas and export subsidies on trade among themselves – that is called:
• The ratio of the total increase in a country’s national income to the increment in export revenue generating the increase is called:
• The exploitation of developing countries by advanced countries is called:
• The administered transfer of resources from the advanced countries to the developing countries for the purpose of encouraging economic growth is called:
• In 1971, United Nations Conference on Trade and Development (UNCTAD) drew up a list of 24 countries having a GDP of 100 or less literacy rate of 20% or less and a share of manufacturing of 10% or less of GDP. These countries were referred to as:
• The scenario that western countries face a crisis in the next few decades caused by the aging of their populations is termed as:
• Which one of the following is not included while estimating national income through income method?
• National income accounting is the study of the income and expenditure of the entire -
• Which law states that with constant taste and preferences, the proportion of income spend on food stuff diminishes as income increases?
• Which law of economics states that “with given preferences or tastes, the proportion of income spent on food diminishes as income increase”?