According to the Singer-Prebisch Theory Developing Countries Trying to Industrialize

question 23

Multiple Choice

According to the Singer-Prebisch theory developing countries trying to industrialize would find it much easier by participating in a GATT-based trade system

• A) because they would have better access to critical resources.
• B) because they would have better terms of trade.
• C) because they would have less access to critical resources.
• D) because they could take advantage of infant industry protections.
• E) because their consumers would have lower prices through comparative advantage benefits.

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Definitions:

Anterior Motive

A motive or reason for action that predates the current situation or decision.

Syphilis

A sexually transmitted infection caused by the bacterium Treponema pallidum, known for its varied and often severe health effects.

Second Categorical Imperative

A principle from Immanuel Kant stating that one should act in such a way that they treat humanity, whether in their own person or that of another, always as an end and never as a means only.

Irrational

Acting without or against reason; not based on logical, rational thinking.