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Concerning the Hypothesis That There Has Occurred a Long-Run Deterioration

Question 70

Multiple Choice

Concerning the hypothesis that there has occurred a long-run deterioration in the developing countries' terms of trade,empirical studies provide:


A) Mixed evidence that does not substantiate the deterioration hypothesis
B) Overwhelming support for the deterioration hypothesis
C) Overwhelming opposition to the deterioration hypothesis
D) None of the above

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