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 argues that the terms of trade for primary producers have steadily fallen over time relative to that of manufactured goods. This means that the prices of primary products have not kept up with the prices of manufactured goods, leading to a decline in the relative income of primary producers.

According to the Prebisch-Singer Thesis