Economics · Economics
The Singer-Prebisch thesis primarily argues that developing countries face which of the following problems in international trade?
- 1A long-term decline in the relative price of their primary commodity exports.✓
- 2A lack of access to developed country markets.
- 3An inability to compete with developed countries in manufacturing.
- 4Excessive dependence on foreign aid.
Correct answer
A long-term decline in the relative price of their primary commodity exports.
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