Economics Mcqs
Q Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?
  • A A. Relatively low import tariffs maintained by advanced countries
  • B B. Highly elastic demand for these products in advanced countries
  • C C. Declines in the supplies of these products on world markets
  • D D. Sluggish demand for these products in advanced countries
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