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Question 5

Which economic hypothesis argues that, in the long run, the price of primary commodities declines relative to the price of manufactured goods, leading to a structural deterioration in the terms of trade for primary exporters?

A

Harrod-Domar model

B

Prebisch-Singer hypothesis

C

Heckscher-Ohlin model

D

Marshall-Lerner condition

Markscheme

Development Questions

  1. A Level
  2. /Economics
  3. /Development

29 exam-style questions on OCR A Level Economics Development. Each one has a worked solution and a mark scheme showing where the marks go.

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