Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?

Related Mcqs:

Concerning tariff policy, the United States does not charge?

A. lower tariff rates on goods from nations with normal trade relation status B. lower tariff rates on goods from nations with most favored nation status C. low or zero tariffs on goods from certain developing countries D. identical tariff rates in products from all countries of the world...

Assume that global recession causes the quantity of tin demanded to decrease by 4 million pounds at each price To maintain the price of tin at the target price you would ?

A. sell 4 million pounds of tin B. sell 8 million pounds of tin C. buy 4 million pounds of tin D. buy 8 million pounds of tin...

Instead, assume that global economic expansion causes the quantity of tin demanded to increase by 4 million pounds at each price To maintain price of tin at the target price you would ?

A. sell 4 million pounds of tin B. sell 8 million pounds of tin C. buy 4 million pounds of tin D. buy 8 million pounds of tin...

_________ policies attempt to foster industrialization by establishing high barriers to imports of foreign goods to promote local production ?

A. absolute advantage B. comparative advantage C. export-led growth D. import substitution...

In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?

A. Px/Pm B. Pm/Px C. (Pm/Px)Qm D. (Px/Pm)Qx...