The Textbook Authors Conclude That the Prebisch-Singer Hypothesis

question 31

Multiple Choice

The textbook authors conclude that the Prebisch-Singer hypothesis:

• A) is not true.
• B) is true.
• C) is valid in some instances but showed no consistent trend and cannot be considered a general rule.
• D) is valid only since 1995, when the World Trade Organization began its operations.

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Definitions:

Mailbox Rule

A legal doctrine stating that an offer is considered accepted once the acceptance is communicated through the mail, even if the offeror has not yet received it.

Plot Land

A marked piece of land designated for a specific use, such as construction, gardening, or other forms of development.

Mailbox Rule

A legal principle in contract law that states an offer is considered accepted at the moment the acceptance is mailed, rather than when the acceptance is received by the offeror.

Receipt Stipulation

An agreement or acknowledgment documenting the receipt of something, often used in legal contexts to prove the acceptance of documents or payments.