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for a country with one important commodity (such as soil) a.a rise in its price in international exported markets will improve the country's terms of
for a country with one important commodity (such as soil)
a.a rise in its price in international exported markets will improve the country's terms of trade.
b.a fall in its price will improve the terms of trade
c.its terms of trade will be unaffected by a change in its price
d.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.
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