Developing countries often argue that their
A) efforts to industrialize are discouraged
B) export prices and revenues are very unstable
C) terms of trade have deteriorated over time
D) all of the above

Question

Quizplus · Accepted Answer

Developing countries often face challenges in their efforts to industrialize due to factors such as lack of capital, technology, and infrastructure. Additionally, their export prices and revenues can be very unstable due to changes in global demand and supply, and their terms of trade may deteriorate over time, meaning that the prices they receive for their exports may decrease relative to the prices they pay for their imports. These issues can discourage the development and growth of these countries.

Developing Countries Often Argue That Their