Multiple Choice
Which of the following could explain why the terms of trade of developing countries might deteriorate over time?
A) Developing country exports are too diverse.
B) Commodity export prices are solely determined by developing countries.
C) Developing country exports consist mainly of manufactured goods.
D) Commodity export prices are determined in highly competitive markets.
E) Developing country exports consist mainly of primary products.
Correct Answer:
Verified
Correct Answer:
Verified
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