Suppose that an offer curve diagram has developed countries exports on one axis and developing countries exports

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Suppose that an offer curve diagram has developed countries’ exports on one axis and developing countries’ exports on the other axis. Explain the predicted impact, other things equal, on the terms of trade of developing countries of relatively slow growth in demand for developing countries’ goods by developed countries combined with relatively rapid growth in demand by developing countries for developed countries’ goods.
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International Economics

ISBN: 9780078021671

8th Edition

Authors: Dennis Appleyard, Alfred Field

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