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.

Question

Quizplus · Accepted Answer

Developing countries often have inelastic supply curves due to limited resources, infrastructure, and technology, making it difficult to adjust production in response to international price changes.

Developing Countries Might Be Unable to Respond Smoothly to Changing