Question
The Netherlands primarily export agricultural products, while importing raw materials such as natural gas, metal ores, and grains. Analyze the impact of the following events
The Netherlands primarily export agricultural products, while importing raw materials such as natural gas, metal ores, and grains. Analyze the impact of the following events on the Netherland's terms of trade:
a. Farm pollution in China is worsening.
b. Egypt is planning to import large quantities of liquefied natural gas.
c. Germany has a sustainable development strategy for raw materials and energy productivity. d. OPEC's agreement with Russia cut oil production and pushing oil prices higher.
e. A rise in Netherland's tariffs on imported iron and steel.
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