According to Pribisch-Singer thesis which of the following is true ?

Posted by MCQ LOG at 9:29 PM

According to Pribisch-Singer thesis which of the following is true ?

(a) International trade has increased international inequalities and has retarded the development of developing countries.
(b) The strategy of import substitution has resulted in misallocation of resources within a developing country.

Codes :

(1) Both (a) and (b) are true.

(2) Only (a) is true.

(3) Only (b) is true

(4) Both (a) and (b) are not true.


Answer: (2) Only (a) is true.