Which of the Following Could Explain Why the Terms of Trade

question 15

Multiple Choice

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

• A) Developing country exports consist mainly of manufactured goods.
• B) Developing country exports consist mainly of primary products.
• C) Commodity export prices are determined in highly competitive markets.
• D) Commodity export prices are solely determined by developing countries.
• E) Developing country exports are too diverse.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a comprehensive psychological assessment tool used to evaluate personality traits and psychopathology.

Rorschach Inkblot Test

A projective psychological test consisting of 10 inkblots printed on cards, used to analyze a person's personality characteristics and emotional functioning.

Extraverted

A personality trait characterized by a preference for social interaction and external stimulation.

Cluster

A group of similar things or people positioned or occurring closely together.