! If demand for a country's export good rises,other things being equal, will both thecommodity terms of trade and the incometerms of trade improve? Explain.

Trade means the exchange of goods and service, capital, technology between one country and rest of…

Answered: If demand for a country's export good…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If demand for a country's export good rises, other things being equal, will both the commodity terms of trade and the income terms of trade improve? Explain.