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?

Related Mcqs:

Suppose that the supply curve of tin is highly inelastic. If the demand curve of tin decrease and increase cyclically along the supply curve of tin, then in this market the size of the quantity fluctuation will bathe size of the price fluctuations ?

A. relatively greater than B. relatively less than C. the same as D. Any of the above...

The OPEC oil cartel ?

A. has shown that is easy to achieve cooperation among cartel members B. was successful in raising oil prices in the 1970s but was disbanded in the 1980s C. has shown greater success in realizing profits during periods of global recession D. has had a level of success in raising oil prices that other developing … The OPEC oil cartel ?Read More...

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...

_________ 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...

Suppose that the demand curve for tin is highly inelastic. If the supply curve of tin decrease and increase cyclically along the demand curve for tin then in this market the size of the price fluctuation will be __________ the size of the quantity fluctuations?

A. relatively greater then B. relatively less than C. the same as D. any of the above...