Developing nations are often concerned that their terms

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Developing countries

Developing countries are often concerned that their terms of trade might deteriorate as economic growth occurs. In terms of the analysis of production and consumption effects of economic growth, other things equal, what type(s) of growth must occur and what type of country ("large" or "small") must a developing country be in order for the country's terms of trade to deteriorate as the country grows?

Reference no: EM1333890

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