Raul Prebisch was an Argentine economist who argued that
A) the terms of trade would decline for primary commodity exports.
B) the terms of trade would decline for manufactured goods exports.
C) the terms of trade for Latin American economies could not be improved.
D) the terms of trade for high-income countries would inevitably worsen.
A
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Which of the following is not an argument for trade restrictions?
A) the national defense argument B) the infant industry argument C) the comparative advantage argument D) the antidumping argument
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as 
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting upward C. Short-run aggregate supply shifting downward D. Aggregate demand shifting leftward