All of the following are reasons for declining terms of trade except:
a. the lack of organized labor unions to fight against wage declines
b. too many entrepreneurs in sectors like coffee farms and sugar plantations
c. the demand for luxury items tends to go up while the demand for food is steady
d. too high of tariffs for primary sector imports prevented growing exports in such commodities
d. too high of tariffs for primary sector imports prevented growing exports in such commodities
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In the past few years, food prices have been ___ worldwide
A) decreasing B) increasing C) staying the same D) unmeasured E) varying rapidly
A core principle of neoliberalism as an approach to development is __________.
A. that the state must actively regulate the actions of most firms B. government support of the agrarian sector C. to maximize the economic freedom of firms, households, and individuals D. support for neo-Marxism