Practice - Dependency on External Markets
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Practice Questions
Test your understanding with targeted questions
What does 'dependency on external markets' mean?
💡 Hint: Think about how local businesses might be affected by global trade.
Name one impact of global market fluctuations.
💡 Hint: Consider what could happen if a specific export’s demand drops.
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Interactive Quizzes
Quick quizzes to reinforce your learning
What is a potential risk of dependency on external markets?
💡 Hint: Think about how relying on one market affects variety.
True or False: Regions that diversify their economy are less likely to suffer from global market fluctuations.
💡 Hint: Reflect on what diversification means.
1 more question available
Challenge Problems
Push your limits with advanced challenges
Evaluate a region that relies on a single resource for its economy. Discuss the potential risks and suggest a plan for diversification.
💡 Hint: Reflect on various industries the region could tap into.
Analyze how a global economic downturn could affect local employment rates and suggest strategies to mitigate risks.
💡 Hint: Think about how investment in skills could help.
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