Which of the following is a major problem facing developing nations? Primary pro
ID: 1213013 • Letter: W
Question
Which of the following is a major problem facing developing nations?
Primary products tend to have highly elastic supply and demand which creates stable prices that do not allow for growth
A lack of economic diversification
A lack of access to the exports from developed nations
None of the above
Primary products tend to have highly elastic supply and demand which creates stable prices that do not allow for growth
A lack of economic diversification
A lack of access to the exports from developed nations
None of the above
Explanation / Answer
Which of the following is a major problem facing developing nations?
** A lack of economic diversification.
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