Author Question: Which of the following could explain why the terms of trade of developing countries might ... (Read 142 times)

scienceeasy · **on:** Jun 30, 2018

Which of the following could explain why the terms of trade of developing countries might deteriorate over time?

A) Developing country exports consist mainly of manufactured goods.
B) Developing country exports consist mainly of primary products.
C) Commodity export prices are determined in highly competitive markets.
D) Commodity export prices are solely determined by developing countries.
E) Developing country exports are too diverse.

Question 2

The bulk of offshoring is vertical, relating to producing a component piece in an overall supply chain production.

Indicate whether the statement is true or false