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Chad's economy is dependent on oil reserves and is very sensitive to world economic cycles, commodity prices, and fluctuations in exchange rates. Hence, one could
Chad's economy is dependent on oil reserves and is very sensitive to world economic cycles, commodity prices, and fluctuations in exchange rates. Hence, one could term this economy as an example of: * venture capitalism. * a factor-driven economy. * bootstrapping. * an innovation-driven economy. * an efficiency-driven economy
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Microeconomics
Authors: Michael Parkin
11th edition
133019942, 978-0133020250, 133020258, 978-0133019940
