679EconomicsMedium
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?
Asluggish demand for these products in advanced countries
Brelatively low import tariffs maintained by advanced countries
Chighly elastic demand for these products in advanced countries
Ddeclines in the supplies of these products on world markets
Correct answer
A. sluggish demand for these products in advanced countries
Explanation
The correct answer is sluggish demand for these products in advanced countries.