The textbook authors conclude that the Prebisch-Singer hypothesis:
A) is not true.
B) is true.
C) is valid in some instances but showed no consistent trend and cannot be considered a general rule.
D) is valid only since 1995, when the World Trade Organization began its operations.

Question

Quizplus · Accepted Answer

The textbook authors conclude that the Prebisch-Singer hypothesis is valid in some instances but showed no consistent trend and cannot be considered a general rule. This means that while there may be some evidence to support the hypothesis in certain situations, overall it cannot be applied universally.

The Textbook Authors Conclude That the Prebisch-Singer Hypothesis