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. declines in the supplies of these products on world markets

B. sluggish demand for these products in advanced countries

C. relatively low import tariffs maintained by advanced countries

D. highly elastic demand for these products in advanced countries

Found an error? Read our corrections policy and submit a sourced correction below. You can also share a useful explanation in your own words.

Discuss the answer or suggest a sourced correction
Thank you for contributing.
Your comment was submitted and will appear after editorial review.

Your email is used only for moderation and is never displayed. Spam, copied material and fabricated endorsements are rejected.