Terms of trade in developing countries are generally unfavorable because:

CA Foundation · Business Economics · MTP · June 2024
Terms of trade in developing countries are generally unfavorable because:
(A) A. They export manufacturing products.
(B) B. They export primary products.
(C) C. They export few goods.
(D) D. Both A and C

Suggested Answer and Working Notes:

Correct Answer: Option (B)

B. They export primary products.

Topics: International Trade

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic