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Economics
MEDIUM
ENGLISH
Economics
Developing countries that emphasize the production of raw materials or agricultural goods may realize a long-run deterioration in the international terms of trade because of ?
A
relatively low import tariffs maintained by advanced countries
Option A
B
highly elastic demand for these products in advanced countries
Option B
C
declines in the supplies of these products on world markets
Option C
sluggish demand for these products in advanced countries
Correct answer
Correct answer: D
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