Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?

Related Mcqs:

Tariff levels in advanced countries tend to be __________ tariff levels in developing countries?

A. higher than B. equal to C. lower than D. there is no general pattern...

The Generalized System of Preferences (GSP) program allows ?

A. developing country export to advanced countries to receive preferential tariff treatment B. developing country imports from advanced countries to receive preferential tariff treatment C. any developing country to ignore the most-favored nation clause D. any advanced country to ignore the most favored-nation clause...

All of the following are trade problems of developing countries except?

A. unstable export markets B. improving terms of trade C. limited access to the markets of industrial countries D. highly elastic demand curves for their products...

Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

A. multilateral contracts B. production and export controls C. buffer stock arrangements D. tariff-rates quotas...

Because supply and demand conditions for primary products are very price inelastic their prices ?

A. have been steadily rising in recent decades B. have been more stable than the prices of manufactured goods C. fluctuate about as much as the prices of manufactured goods D. tend to be very unstable from year to year...