According to the Prebisch-Singer thesis
A)demand for primary products has steadily fallen.
B)profits of primary producers have steadily fallen.
C)primary producers' terms of trade have steadily fallen.
D) prices of primary products have risen over time.

Question

Quizplus · Accepted Answer

The Prebisch-Singer thesis states that primary producers' terms of trade have steadily declined over time compared to the terms of trade for manufactured goods. This means that the prices of primary products have not kept up with the prices of manufactured goods, causing primary producers to receive a smaller share of the value of their exports.

According to the Prebisch-Singer Thesis