UGC-NET 2024 Question 62: Theories of international trade
The secular deterioration of terms of trade for less developed countries has been explained by:
(A) J.S. Mill
(B) H.W. Singer
(C) Adam Smith
(D) Raul Prebisch
(E) Jagdish Bhagwati
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Theories of international trade has come up 151 times in 6 exams since 2006.
What this question tests
This question is on Terms of trade, part of Theories of international trade in International Economics.
The rate at which a country's exports exchange for its imports and what moves it.
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