Concerning the hypothesis that the developing countries' terms of trade have been deteriorating, empirical studies provide
A) mixed evidence that does not substantiate the deterioration hypothesis.
B) overwhelming support for the deterioration hypothesis.
C) overwhelming opposition to the deterioration hypothesis.
D) mixed evidence that substantiates the deterioration hypothesis.

Question

Quizplus · Accepted Answer

Empirical studies provide mixed evidence that does not fully support the hypothesis that the developing countries' terms of trade have been deteriorating.

Concerning the Hypothesis That the Developing Countries' Terms of Trade