Which of the following is not a reason why the prospects for the further expansion of developing country commodity exports are likely to be limited?
(a) Low income elasticities for these products.
(b) Low likelihood of development of further synthetic substitutes.
(c) Continued agricultural protection despite trade agreements.
(d) Declining terms of trade.
B
Economics
You might also like to view...
In the last 20 years, all of the following measures of the manufacturing sector have declined except:
a. total employment in manufacturing. b. manufacturing employment as a share of the labor force. c. manufacturing output as a share of GNP. d. total manufacturing output.
Economics
Full employment, which is always expected to occur, consists of the frictionally and cyclically unemployed
a. True b. False Indicate whether the statement is true or false
Economics