

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. | |