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Economics
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Economics
Developing countries that concentrate production in agricultural products or raw materials may face a long-run decline in their international terms of trade because of ?
A
inelastic demand for these products in advanced countries
Option A
B
large increases in the supplies of these products on world markets because of export expansion policies
Option B
C
sluggish demand for these products in advanced countries
Option C
All of the above
Correct answer
Correct answer: D
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