Suppose that the world demand for coffee continues to rise, and the Brazilian government keeps investing in the coffee industry but also begins to spend some of its coffee revenue on the country's nontraded service sector. According to the introductory article, which of the following accurately describe the long-term outcome of the high demand for coffee on the market for medical equipment? Check all that apply. As the demand for medical equipment adjusts, the workers begin to return to the manufacturing sector. The manufacturing sector loses its international competitiveness. Brazil's dependence on coffee revenues increases. The manufacturing sector continues to lose resources due to the resource movement effect. As the supply for medical equipment adjusts, the workers be suffer be free Prices of raw materials, such as oil, copper, coffee, or soya, vary signifi In the event of a sudden fall in the world demand for coffee, Brazil will suffer rn to the manufacturing sector. e than prices of manufactured goods common to lagging industries. from the symptoms of the Dutch Disease.

Suppose that the world demand for coffee continues to rise, and the Brazilian government keeps investing in the coffee industry but also begins to spend some of its coffee revenue on the country's nontraded service sector. According to the introductory article, which of the following accurately describe the long-term outcome of the high demand for coffee on the market for medical equipment? Check all that apply. As the demand for medical equipment adjusts, the workers begin to return to the manufacturing sector. The manufacturing sector loses its international competitiveness. Brazil's dependence on coffee revenues increases. The manufacturing sector continues to lose resources due to the resource movement effect. As the supply for medical equipment adjusts, the workers be suffer be free Prices of raw materials, such as oil, copper, coffee, or soya, vary signifi In the event of a sudden fall in the world demand for coffee, Brazil will suffer rn to the manufacturing sector. e than prices of manufactured goods common to lagging industries. from the symptoms of the Dutch Disease.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter2: Economics: Eight Powerful Ideas

Section: Chapter Questions

Problem 12P

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