Q. What is "immiserizing growth"?

• A. Export-biased growth that worsens terms of trade so that a country is worse off as a result.
• B. The specialization of low-income countries in production of low-wage products.
• C. Trade that hurts the poorest group of people.
• D. Improvement in a country's terms of trade at the expense of other countries.

Correct Answer: A