Multiple Choice
Between 1973 and 1982 developing countries were also harmed by three international shocks which included
A) increase in oil prices, increase in commodity imports and higher interest rates on the foreign debt.
B) increase in oil prices, reduction in their terms of trade and lower profits on simple ISI products.
C) increase in oil prices, improvement in their terms of trade and higher interest rates on the foreign debt.
D) increase in oil prices, reduction in their terms of trade and lower interest rates on the foreign debt.
E) increase in oil prices, reduction in their terms of trade and higher interest rates on the foreign debt.
Correct Answer:

Verified
Correct Answer:
Verified
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