Which of the following statements is true? I. Synthetic substitutes availability have led to a reduction in demand for natural raw materials, and a decline in relative price of primary commodities II. Slow productivity growth in the primary sector of developing countries has a tendency to increase the relative price of primary commodities II. Inward-oriented countries have generally experienced lower economic growth rates than outward-oriented countries O A) 1, Il and II B) I only

Which of the following statements is true? I. Synthetic substitutes availability have led to a reduction in demand for natural raw materials, and a decline in relative price of primary commodities II. Slow productivity growth in the primary sector of developing countries has a tendency to increase the relative price of primary commodities II. Inward-oriented countries have generally experienced lower economic growth rates than outward-oriented countries O A) 1, Il and II B) I only

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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