The Singer-Prebisch Theory Argues That Developing Countries' Terms of Trade

question 7

Multiple Choice

The Singer-Prebisch theory argues that developing countries' terms of trade deteriorate steadily over time because of

• A) greater demand for primary commodities versus industrial goods.
• B) higher costs of primary commodities versus industrial goods.
• C) less demand for industrial goods versus primary commodities
• D) greater government protection for primary commodities versus industrial goods.
• E) less demand for primary commodities versus industrial goods.

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