Geography · Regional Development & Economics
According to regional growth theory, under which condition will an export-driven region fail to experience economic growth?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1When transport infrastructure improvements lower total delivery costs
- 2When resource depletion occurs in competing production regions
- 3When the income elasticity of demand for its export goods is low or negative✓
- 4When per capita income in the exogenous demand sector increases rapidly
Correct answer
When the income elasticity of demand for its export goods is low or negative
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