The long-run trends of relative prices of primary products suggest that the countries that are dependent on the export of primary products are most likely to:
A) experience deterioration in their terms of trade.
B) experience improvement in their terms of trade.
C) be able to import more from abroad.
D) experience an increase in their growth rates.
Correct Answer:
Verified
Q6: Which of the following is true of
Q7: Identify the correct statement.
A)In some of the
Q8: For which of the following goods does
Q9: An example of policies designed to protect
Q10: Developing countries tend to have comparative advantages
Q12: An example of policies designed to encourage
Q13: Which of the following suggests that labor
Q14: According to comparative advantage theory, the developing
Q15: Which of the following has been observed
Q16: While developing countries have over _ of
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