Multiple Choice
Although the price of oil and some commodities has increased in recent years, the price of most raw materials has declined. For countries that primarily produce raw materials, this development has led to which of the following?
A) Declining terms of trade
B) A rise in the terms of trade
C) Opportunities to rely on inexpensive labor
D) An increase in the export of raw materials
Correct Answer:
Verified
Correct Answer:
Verified
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