Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
According to the Prebisch-Singer thesis, which goods did the terms of trade favor?
According to the Prebisch-Singer thesis, which goods did the terms of trade favor?
- Services and technology
- Primary products
- Manufactured and capital goods (correct)
- Agricultural goods
What was the major inhibitory factor in the growth of the Less Developed Countries (LDC’s) according to Prebisch-Singer thesis?
What was the major inhibitory factor in the growth of the Less Developed Countries (LDC’s) according to Prebisch-Singer thesis?
- Inadequate infrastructure
- Lack of technological progress
- Deterioration of terms of trade (correct)
- Political instability
According to Prebisch and Singer, why have the Less Developed Countries (LDC’s) struggled to benefit from technical progress in advanced countries?
According to Prebisch and Singer, why have the Less Developed Countries (LDC’s) struggled to benefit from technical progress in advanced countries?
- Monopoly control by industrialized countries (correct)
- Inadequate investment in education
- Absence of natural resources in LDC’s
- Lack of skilled labor in LDC’s
What did Raul Prebisch demonstrate about the terms of trade based on UK export statistics between 1870 and 1940?
What did Raul Prebisch demonstrate about the terms of trade based on UK export statistics between 1870 and 1940?
Signup and view all the answers
What did H. W. Singer strongly support in relation to the Prebisch-Singer thesis?
What did H. W. Singer strongly support in relation to the Prebisch-Singer thesis?
Signup and view all the answers
Flashcards are hidden until you start studying
