The Prebisch-Singer Thesis Quiz
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Secular tendency to move against primary products</p> Signup and view all the answers

    What did H. W. Singer strongly support in relation to the Prebisch-Singer thesis?

    <p>The secular movement of terms of trade against primary products</p> Signup and view all the answers

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