Question

The implication of Prebisch-Singer Hypothesis is:
a) Raw materials and labour intensive goods are exported by the developing countries
b) That because the price elasticity of demand for primary goods is relatively inelastic,
it is pointless for developing countries to seek to export these.
c) That because the income elasticity of demand for primary goods is inelastic, over
time there will be a decline in primary commodity prices and therefore the incomes
derived from primary goods.
d) Trade will always be mutually beneficial between a developed and a developing
country as long as they both seek to exploit their comparative advantages.​

Answer 1

Answer:

Description

DescriptionThe implication of Prebisch-Singer Hypothesis is:

DescriptionThe implication of Prebisch-Singer Hypothesis is:a) Raw materials and labour intensive goods are exported by the developing countries

DescriptionThe implication of Prebisch-Singer Hypothesis is:a) Raw materials and labour intensive goods are exported by the developing countriesb) That because the price elasticity of demand for primary goods is relatively inelastic, it is pointless for developing countries to seek to export these.

DescriptionThe implication of Prebisch-Singer Hypothesis is:a) Raw materials and labour intensive goods are exported by the developing countriesb) That because the price elasticity of demand for primary goods is relatively inelastic, it is pointless for developing countries to seek to export these.c) That because the income elasticity of demand for primary goods is...