MCQOPTIONS
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| 1. |
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. | relatively low import tariffs maintained by advanced countries |
| B. | highly elastic demand for these products in advanced countries |
| C. | declines in the supplies of these products on world markets |
| D. | sluggish demand for these products in advanced countries |
| Answer» E. | |