2 Australia's mining boom I According to Battellino (2010), a speech given in 2010 by Ric Battellino, then Deputy Gov- ernor of the Reserve Bank of Australia, Australia is influenced strongly by the continuing high relative prices for its exports of mineral products like coal and iron ore. Find Battellino (2010) on the internet, read it (or, if you prefer, watch the video) and answer the following questions. a) How does a mining boom relate to Australia's terms of trade? Has the mining boom improved or deteriorated Australia's terms of trade? b) According to Battellino (2010), what is the "Dutch disease"? c) Is Australia's recent experience an example which supports the Prebisch-Singer hypothesis discussed during the lecture