Which of the following is not a reason why the prospects for the further expansion of developing country commodity exports are likely to be limited?
A)Low income elasticities for these products.
B)Low likelihood of development of further synthetic substitutes.
C)Continued agricultural protection despite trade agreements.
D)Declining terms of trade.

Question

Quizplus · Accepted Answer

The low likelihood of the development of further synthetic substitutes would actually be a reason why the prospects for further expansion of developing country commodity exports are likely to be favorable. The other choices given (low income elasticities for these products, continued agricultural protection despite trade agreements, and 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