Discuss several economic events

Reference no: EM13178558

1. Discuss several economic events that would increase a country's willingness to trade.

2. In the offer analysis, why must an excess supply of one good be associated with an excess demand for the other good?

3. Suppose that an offer curve diagram has developed 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.

Reference no: EM13178558

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