Wednesday, April 6, 2011

All food prices are not created equal | Marketplace From American Public Media


Yes, food prices are going up around the world, but it is experienced differently in developing countries versus more developed. Why you ask? Listen to the story here
All food prices are not created equal | Marketplace From American Public Media

Think about determinants of elasticity, food inelasticity, as well as Balance of Payments and Terms of Trade. Describe the difficulties of a becoming more developed when faced with higher food prices.


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