Developing Countries That Concentrate Production in Agricultural Products or Raw

question 10

Multiple Choice

Developing countries that concentrate production in agricultural products or raw materials may face a secular decline in their international terms of trade due to

• A)sluggish demand for these products in developed countries.
• B)large increases in the supplies of these products on world markets due to export expansion policies.
• C)inelastic demand for these products in developed countries.
• D)All of the above.