Which of the following is not a reason why the prospects for the further expansion of developing country commodity exports is likely to be limited?

Question

Quizplus · Accepted Answer

The low likelihood of development of further synthetic substitutes would actually increase the prospects for the further expansion of developing country commodity exports, as there would be less competition from substitutes. The other options (low income elasticities, continued agricultural protection, declining terms of trade) are all reasons why the prospects for further expansion of developing country commodity exports are likely to be limited.

Which of the Following Is Not a Reason Why the Prospects