The Terms of Trade for Most Developing Nations Over the Last

question 1

Multiple Choice

The terms of trade for most developing nations over the last thirty years have generally been

• A) improving
• B) about the same
• C) worsening
• D) depend largely on the export commodity

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Definitions:

Coal

A fossil fuel that is formed from the remains of ancient plants and used for electricity generation and industrial processes.

Microloans

Small, short-term unsecured loans provided to entrepreneurs or groups in disadvantaged areas, typically used to start or expand small businesses.

Grameen Bank

A microfinance organization and community development bank founded in Bangladesh that makes small loans to impoverished borrowers.