The terms of trade move against primary producers in the long run. What is the evidence in

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“The terms of trade move against primary producers in the long run.” What is the evidence in support of this proposition? How solid is the evidence?

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International Economics

ISBN: 9780078021770

16th Edition

Authors: Thomas Pugel

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Question Posted: Mar 23, 2024 10:01 AM

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The terms of trade move against primary producers in the long run. What is the evidence in

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The available data do indicate that the relative prices of primary products have declined ...View the full answer

International Economics

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