Economics · International Economics
Changes in terms of trade typically put less developed countries at a disadvantage because:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1They specialize and trade primarily in primary or agricultural goods rather than manufactured goods✓
- 2They face significantly higher labor costs
- 3They specialize and trade mostly in services like tourism
- 4Industrialized countries complete total trade autarky with them
Correct answer
They specialize and trade primarily in primary or agricultural goods rather than manufactured goods
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