5 Questions
According to the Prebisch-Singer thesis, which goods did the terms of trade favor?
Manufactured and capital goods
What was the major inhibitory factor in the growth of the Less Developed Countries (LDC’s) according to Prebisch-Singer thesis?
Deterioration of terms of trade
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
What did Raul Prebisch demonstrate about the terms of trade based on UK export statistics between 1870 and 1940?
Secular tendency to move against primary products
What did H. W. Singer strongly support in relation to the Prebisch-Singer thesis?
The secular movement of terms of trade against primary products
Test your knowledge of the Prebisch-Singer Thesis with this quiz. Explore the concepts of terms of trade, primary products, and manufactured goods, and gain a deeper understanding of the economic dynamics affecting developing countries.
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