The fact that industrialized countries levy very low or no tariff on raw materials and semi processed goods
A) helps developing countries export manufactured products.
B) has no effect on developing country exports.
C) hurts developing country efforts to export manufactured goods.
D) hurts developing country efforts to export raw materials.
E) does not affect industrialized countries' exports.
Question 2
In practice, the Bretton Woods system is best described as
A) an adjustable peg.
B) a purely fixed exchange rate
C) a gold exchange standard
D) Both A and C
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