Which of the following is not a reason why the prospects for the further expansion of developing country commodity exports is likely to be limited?
A)Low income elasticities for these products
B)Low likelihood of development of further synthetic substitutes
C)Continued agricultural protection despite trade agreements
D) Declining terms of trade

Question

Quizplus · Accepted Answer

The development of further synthetic substitutes is actually a reason that could limit the expansion of commodity exports, not a reason why it would be unlikely. Therefore, the low likelihood of this development is not a limiting factor.

Which of the Following Is Not a Reason Why the Prospects