For a country with one important exported commodity (such as soil)
a. a rise in its price in international exported markets will improve the country's terms of trade.
b. its terms of trade will be unaffected by a change in its price
c. a rise in its price will be helpful to the terms of trade and balance of payments only if world demand for it is elastic
d. a fall in its price will improve the terms of trade?
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Asked by Roe
on 17th May, 2019
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