Economics Mcqs
Q Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?
  • A A. Inelastic demand for these products in advanced countries
  • B B. Large increases in the supplies of these products on world markets because of export expansion policies
  • C C. Sluggish demand for these products in advanced countries
  • D D. All of the above
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