Abond is a(n): group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking savers and investors. c) claim to partial ownership of a firm. d) regular payment made to owners of a firm.

The prebisch–singer hypothesis concludes that: a. technology lowers the cost of manufactured products, so developing countries should see an increase in their terms of trade. b. developing countries experience a long-run decline in their terms of trade, as the demand for primary products in higher-income countries declines relative to their demand for manufactured goods. c. because of unfair trading practices, labor in developing countries is exploited. d. opec has been responsible for a slowdown in the world's standard of living.