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What is the important basis of international trade?

1. Differences in Environmental Conditions. 2. Stage of Economic Development 3. Population Distribution 4. Transportation and communication facilities 5. Price Structure


What farmers producing crops for international trade were dependent upon?

All of the above. (Transportation routes to other countries, Economic conditions in other countries and Weather in other countries.)


In 2012 had a significant effect on food prices?

drought conditions in the midwest


Under what conditions mixed bundling preferable to pure bundling?

Mixed bundling is preferable to pure bundling when: - Demands are somewhat negatively correlated. - Marginal production costs are significant.


What are the key differences between elastic demand and inelastic demand, and how do these differences impact consumer behavior and market dynamics?

Elastic demand refers to a situation where a small change in price leads to a significant change in quantity demanded, while inelastic demand means that changes in price have little impact on quantity demanded. In elastic demand, consumers are more sensitive to price changes and may adjust their purchasing behavior accordingly. This can lead to fluctuations in demand and prices in the market. On the other hand, inelastic demand indicates that consumers are less responsive to price changes, which can result in more stable market dynamics and prices. Understanding these differences is crucial for businesses to set pricing strategies and anticipate consumer behavior in different market conditions.

Related Questions

How would subarctic transportation effect living?

Subarctic transportation can have a significant impact on living conditions due to harsh weather conditions, limited infrastructure, and remoteness. Access to goods, services, and emergency medical care may be limited, making daily life more challenging. Dependence on unreliable transportation methods can also affect employment opportunities and social connections in subarctic regions.


What is the important basis of international trade?

1. Differences in Environmental Conditions. 2. Stage of Economic Development 3. Population Distribution 4. Transportation and communication facilities 5. Price Structure


How did geographic differences between regions lead to economic differences between them?

Geographic differences such as natural resources, climate, and access to transportation routes can impact economic activities like agriculture, industry, and trade in a region. Regions with abundant resources and favorable conditions tend to have stronger economies compared to regions with limited resources or less favorable conditions. Additionally, proximity to markets and trade routes can also affect economic growth and development between different regions.


What is poor farming transportation in the Bahamas?

Farming in the Bahamas is difficult because of the tropical conditions. The soil is a cause of poor transportation.


How did the economic conditions of the early 2000s prove to be a mixed blessing for the concrete industry?

residential construction reached levels not seen since the 1970s, commercial and industrial construction, as well as in nonbuilding sectors such as transportation, saw significant slowdowns


What farmers producing crops for international trade were dependent upon?

All of the above. (Transportation routes to other countries, Economic conditions in other countries and Weather in other countries.)


How bad were working conditions in the early 1800s?

they dont have money to much and they dont have transportation.


Do air and water transportation services depend on weather conditions?

Yes, air transportation services can be affected by weather conditions such as fog, storms, and strong winds, which may lead to delays, cancellations, or diversions. Similarly, water transportation services can also be impacted by weather conditions such as rough seas, high winds, or storms, which can cause disruptions to schedules or even pose safety risks to vessels.


What has the author Stanley R Holmes written?

Stanley R. Holmes has written: 'The economic significance of transportation' -- subject(s): Economic conditions, Finance, Transportation


What is the only continent not to experience tornadoes?

Antarctica is the only continent that does not experience tornadoes. This is because the cold temperatures and lack of significant temperature differences on the continent create unfavorable conditions for tornado formation.


What are two differences between conditions for life on the moon and on earth?

Quite simply, Earth has the conditions for life, the Moon doesn't.The Earth has water, the Moon doesn't.The Earth has air, the Moon doesn't.The Moon has extreme temperature differences.


Can you share your thoughts on the impact of women driving women in the transportation industry"?

The impact of women driving women in the transportation industry is significant as it promotes gender equality, empowerment, and diversity. It provides opportunities for women to excel in a traditionally male-dominated field, breaking stereotypes and inspiring others. This representation can lead to better working conditions, increased innovation, and a more inclusive industry overall.