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Use information in the extract to answer the questions below. Malaysia suspends chicken exports amid rising food prices KUALA LUMPUR, Malaysia - Malaysia suspended exports
Use information in the extract to answer the questions below.
Malaysia suspends chicken exports amid rising food prices KUALA LUMPUR, Malaysia - Malaysia suspended exports of live chickens from Wednesday to guarantee adequate supplies for domestic markets, prompting distress in neighboring Singapore, where chicken rice is a national dish. www.abcnews.com 1 June 2022 |
(i) Explain the effect of the export ban on the trade balance of Singapore and Malaysia separately. (Assume that Singapore used to import live chickens from Malaysia). (ii) Explain the effect of the export ban on Singapore's GDP.
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