Balance of payment in international trade does not favour...
Balance of payment in international trade does not favour developing countries because
of their low bargaining power
most of their exports are raw materials
their currencies are very weak
of the low demand of their exports
Correct answer is B
The answer is B Most of their export are raw materials, Developing countries often depend on the developed countries to produce their raw material into finished product hence they tend to pay more when raw materials are processed and imported back. Bargaining power has little or no effect on international trade as most international deals with exchange of product. African countries most cases request for manufactured goods they needed rather than been paid
The dominant foreign exchange earner of Senegal is? ...
Which of the following is a process of wind erosion? ...
Chemicals weathering processes include all except ONE of the following? ...
Which of the following feature is not normally found uper course of a river? ...
Which of the following areas is subject to frequent earthquarkes? ...
What climatic type is illustrated in the diagram above? ...
Some of the solid minerals found in Nigeria are? ...
The Dead Sea is the most saline lake in the world because? ...
Lumbering activities thrive very well in Cote d'Ivoire because of good? ...